I have been reading a bit around the Company Buy Backs which tend to kick off late Oct (24th this year I think) and that with lower prices and decent cash reserves ferom a bit of stimulus and profit making there is a LOT of money set to buy back stocks this year and though it may be a bit on the short side, the ramp up is expected to be quite significant.
So if that's the case the presumption is we go up/down/sidewise a bit till then and when it bottoms out it will then bounce hard.
@dc1234 and others more knowledgable on this stuff, where does that leave us in SYA?
Sentiment is a hold (i'm out for now) but I will likely be buying more again soon, likely before the 24th!
I have been reading a bit around the Company Buy Backs which...
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Last
3.6¢ |
Change
-0.002(5.26%) |
Mkt cap ! $370.5M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.7¢ | 3.5¢ | $2.158M | 59.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2625000 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 5881377 | 21 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SYA (ASX) Chart |