CUV 0.77% $15.54 clinuvel pharmaceuticals limited

THE CLINUVEL SHARE BUYBACK, page-64

  1. 822 Posts.
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    Great effort @TheAnalyst007 with tracking the share buyback, it will provide a lot of clarity on what Clinuvel is doing with the buyback especially leading up to the AGM. They will need to be buying back over 10 thousand shares every day to meet their stated capital redistribution targets and what you are doing is going to show when they are doing this but also explains why on certain days they can't buy shares ie the share price has gone up too quickly and above daily limits. They should buyback shares every single day now that they are able, and buyback as many as possible while they are at these 5 year lows despite the company being in the best position ever. I have a feeling they could have bought back a few shares yesterday, we will soon see if that is the case or not. 1.5 Million shares is a LOT to buyback in a thinly traded stock and will make a big difference, especially to EPS, and not just as a one off but forever. Clinuvel has just 50 Million shares on issue.

    All IMO DYOR
    Last edited by Silverchair: Today, 09:19
 
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