IMO I don't see how a buyback would lift the SP. The POG is near record highs and the SP is in the garbage bin. I would prefer a merger with another company and have a cleanout of the board. Having a larger entity would make it easier to eventually develop McPhilly's. We should be minting $ right now and if that is the case then why the low SP? I have to ask the question of what it's really going to take to get the SP out of the garbage bin as it obviously isn't a high POG.
IMO I don't see how a buyback would lift the SP. The POG is near...
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Last
$1.75 |
Change
0.025(1.45%) |
Mkt cap ! $1.318B | |||
| Open | High | Low | Value | Volume |
| $1.74 | $1.75 | $1.72 | $7.450M | 4.299M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17474 | $1.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.75 | 169356 | 10 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| RRL (ASX) Chart |