it is the company re-investing the proceeds of the sale of their NSW clinics i believe. what does it mean for shareholders? well it provides a steady price floor around these levels, (ie the share price is not going to drop significantly while the share buy back is on-going). Eventually it will mean that there are 6% fewer shares on issue so holders will own more of the company (ie future returns should be higher per share).
Share buy back, page-2
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Last
38.0¢ |
Change
-0.005(1.30%) |
Mkt cap ! $405.1M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 38.8¢ | 38.0¢ | $854.4K | 2.228M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 137364 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 2291738 | 21 |
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| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| CAJ (ASX) Chart |