Based on ASX filings Rex have not bought back many shares and so have the capacity to buy back a large number if any further price weakness occurs. Looks to me like smart money is getting in ahead of an acceptable annual result to be announced late August/early September.
I believe market will be impressed that Rex can acheive reasonable profits even with oil at record prices.....this shows that they have a strong business niche and good business model.
share buy back, page-2
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Last
58.0¢ |
Change
0.005(0.87%) |
Mkt cap ! $65.66M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 58.0¢ | 56.5¢ | $12.88K | 22.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 85000 | 57.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 2465 | 4 |
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| Last trade - 15.57pm 22/07/2024 (20 minute delay) ? |
| REX (ASX) Chart |