"The board has duty to distribute excess funds in a safe and even manner to all shareholders.
And the on-market buyback, amounts to the board failing to maximise the return for the majority of shareholders."
1. On-market share buyback results in fewer shares on the market.
2. All other things being equal, fewer shares on the market results in a higher share price.
3. A higher share price benefits all shareholders.
What is it about that you don't comprehend?
What is the aim of the buyback?, page-32
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Last
$1.12 |
Change
0.005(0.45%) |
Mkt cap ! $3.015B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.13 | $1.11 | $13.15M | 11.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 346992 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 371197 | 16 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$1.12 |
Change
0.005 ( 0.33 %) |
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| Open | High | Low | Volume | ||
| $1.12 | $1.13 | $1.11 | 1413835 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| AMP (ASX) Chart |