Hi Rodler,
I think its a bullish sign because it indicates A2M is vertically integrating its business and expanding its potential revenue generating base.
The actual purchase amount is a capital movement of funds and the purchase transaction itself will NOT impact earnings per share.
I.e. its a balance sheet transaction and does not go through Profit and Loss account.
To me this is much better than paying dividends or share buybacks.
All the best.
Hi Rodler, I think its a bullish sign because it indicates A2M...
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Last
$6.85 |
Change
-0.060(0.87%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $6.87 | $6.78 | $8.532M | 1.250M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2151 | $6.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 27162 | 5 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |