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
2.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $108.9M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.9¢ | $2.605K | 89.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 69999 | 2.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 4175055 | 12 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
2.9¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 2.9¢ | 2.9¢ | 2.9¢ | 20000 | ||
| Last updated 15.16pm 03/05/2024 ? | |||||
| BCN (ASX) Chart |