Do you really take your queues from the immediate market reaction...? And if so, why bother investing, as your actions suggest the market is right.
If I owned a chunk of this business off market (and there was no share price to look at), I'd jump at the opportunity to buy a part of it back at 25% yield.
The buyback makes a lot of sense. Imagine buying $20m of earnings for $80m... In most other cases, people would be all over it (the exception being coal/gas, because ESG...)
Do you really take your queues from the immediate market...
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $284.7M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 17.5¢ | $492.0K | 2.745M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 165250 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 223350 | 9 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SWM (ASX) Chart |