Huge show of faith by s32 management to conduct such a large buyback. They believe the stock price is too low. It will be conducted at market and will support the current share price. They will buy at higher prices also.
It also means they are raking in the cash right now which is what I expected. They believe their own operations can be expanded and there is no need to take pay for assets that are overpriced. I purchased more today.
Share buy back, page-2
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Last
$3.66 |
Change
-0.050(1.35%) |
Mkt cap ! $16.57B | |||
| Open | High | Low | Value | Volume |
| $3.73 | $3.73 | $3.60 | $56.87M | 15.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 348810 | $3.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.66 | 22679 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| S32 (ASX) Chart |