surprisingly when interest rate are so low the company opted to dilute shareholder value instead of taking debt or issue another notes at 2% to 3% interest rate .... which they can payback over the years... !
Buy back is not easy because company issued shares at AUD $11c now buying back at current rate of AUD $16c means paying premium of 45% within less than 1 year since they issued record shares.... looks like sacking of chairman & all previous board supported CR... IMO... !
Good old CEO was removed or left or was scapegoat for foolish idea of someone else ... !
IMHO buy back won't happen anytime within next 2 to 3 years at least .. unless share price goes down below 10c and then company justify as opportunity to buy back but it is unlikely to happen as well … !
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$2.55 |
Change
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Mkt cap ! $351.0M |
Open | High | Low | Value | Volume |
$2.48 | $2.55 | $2.48 | $122.3K | 48.73K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 44 | $2.48 |
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Price($) | Vol. | No. |
---|---|---|
$2.58 | 1833 | 1 |
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No. | Vol. | Price($) |
---|---|---|
1 | 44 | 2.480 |
1 | 2050 | 2.450 |
1 | 1250 | 2.350 |
1 | 7525 | 2.260 |
2 | 2796 | 2.210 |
Price($) | Vol. | No. |
---|---|---|
2.580 | 1833 | 1 |
2.590 | 1874 | 1 |
2.600 | 23427 | 2 |
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2.660 | 2083 | 1 |
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