I don't really care what the buy back strategy is as I'm invested not because of the buyback, but because I think this is one of the best run companies on the ASX. However, I personally quite like the strategy of using the buy back to create a floor at a specific price, as it will likely result in substantial front running meaning other buyers will do most of the buy back whilst Clinuvel gets to hang onto its cash. This differs to a more aggressive buy back, which may result in a quick spike but would likely be sold back down when the BB is completed.
I don't really care what the buy back strategy is as...
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Last
$15.37 |
Change
0.130(0.85%) |
Mkt cap ! $770.0M | |||
| Open | High | Low | Value | Volume |
| $15.36 | $15.54 | $15.18 | $1.274M | 82.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 237 | $15.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.50 | 282 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CUV (ASX) Chart |