I don't think insider buying will happen. There has never been any meaningful amount of insider buying in the history of A2m on the ASX. Even if there was some insider buying I highly doubt there will be a meaningful uptick in the SP.
What will help is a share buyback scheme. I think this is more likely than insider buying but still a low probability. In the past when A2m has fallen to 30% from all time highs, the company hasn't done a buy back. With the amount of cash on hand, I'm sure a buy back will be on the cards but at what price? Who knows. If the SP got down to something ridiculous like $10 a share buyback would have to happen I would think. At $12 I would also be on the lookout for a share buyback....at current prices, if history is anything to go by, the board will not step in.
The beast is back!, page-32
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Last
$6.85 |
Change
-0.060(0.87%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.91 | $6.93 | $6.81 | $7.337M | 1.070M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4252 | $6.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.86 | 10763 | 3 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |