"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?
"The board has duty to distribute excess funds in a safe and...
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Last
$1.09 |
Change
-0.025(2.24%) |
Mkt cap ! $2.954B | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.11 | $1.09 | $6.795M | 6.194M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 330452 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 196369 | 6 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.09 |
Change
-0.025 ( 1.65 %) |
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| Open | High | Low | Volume | ||
| $1.10 | $1.11 | $1.09 | 1277863 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| AMP (ASX) Chart |