To lighten up the balance sheet a bit, as they had too much cash. They can't create return higher than the bank interest rate thus the cash better be used to buy back and reduce the number of shares in the market. Less shares in the market means less volatile (theoretically). The reason is also about the same as dividend, but buy back is a better approach long term IMO.
- Forums
- ASX - By Stock
- NMT
- What's Happened ?
What's Happened ?, page-117
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add NMT (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.5¢ |
Change
-0.010(8.00%) |
Mkt cap ! $79.33M |
Open | High | Low | Value | Volume |
12.5¢ | 12.5¢ | 11.0¢ | $98.90K | 850.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 44538 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 160633 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 44538 | 0.115 |
11 | 347688 | 0.110 |
17 | 847043 | 0.105 |
13 | 701378 | 0.100 |
1 | 50000 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 160633 | 4 |
0.125 | 173900 | 4 |
0.130 | 165000 | 3 |
0.135 | 280000 | 1 |
0.140 | 92500 | 3 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
NMT (ASX) Chart |