Good find akg.
I wonder if this is behind the recent SP improvement.
These plans always circulate between the people in the know well before the official announcement is made.
Only way a mug like me can be aware that something is happening is monitoring the SP frequently and act on developing action, the reason will be revealed in due course.
I also think that on market buyback tends to put a bit of the floor under the SP in the normal market, although if there is a major correction of the market as a whole, it will not prevent the SP dropping with the rest but could act as a bit of the brake, that is if the buyback people decide to buy against general down trend.
In the end capital management is not meant to drive SP to some arbitrary level, that would be inside trading or share manipulation.
It is pure and simple designed to save the company money, by not having to pay dividends on the shares it bought back.
Like paying down your mortgage ahead of schedule, kinda.
Good find akg.I wonder if this is behind the recent SP...
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Last
$3.70 |
Change
0.030(0.82%) |
Mkt cap ! $42.75B | |||
| Open | High | Low | Value | Volume |
| $3.67 | $3.72 | $3.66 | $77.20M | 20.89M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 199823 | $3.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.71 | 829839 | 9 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| TLS (ASX) Chart |