Buybacks tend to be gradual. For example if they bought 20m shares a month for a year that would mean our total shares on issue would drop by 240m, or about 7%. So on today’s price, with nothing else changing, our share price after a year should rise by .1 or .2c. And it would have cost the company about $530,000.
Not exactly life changing, but I think it would stop our price from slipping any further.
Buybacks tend to be gradual. For example if they bought 20m...
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Last
2.7¢ |
Change
0.001(3.85%) |
Mkt cap ! $101.4M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.7¢ | 2.6¢ | $27.55K | 1.059M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 896145 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 4992845 | 5 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BCN (ASX) Chart |