A bit dramatic to say this but it could be true. While we're speculating, an equally likely reason could be a possible acquisition. It could be that they are carrying out due diligence on a company and want to have cash aside for a buy out so they have temporarily paused the buyback. Barring alternative use of their cash, I agree pausing the buy back at such low prices shows they think these prices are here to stay or they'll get even lower.
However, the fact that Jamie bought a bunch of shares at $16 and CTD had increased their buyback recently from 30k to 50k shares per day shows that it's more likely the pause happened to save money for an acquisition.
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CTD
corporate travel management limited
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0.15%
!
$13.12

Why is this dropping without any news?, page-29
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Last
$13.12 |
Change
0.020(0.15%) |
Mkt cap ! $1.913B |
Open | High | Low | Value | Volume |
$13.05 | $13.18 | $12.99 | $759.7K | 58.01K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 81 | $13.11 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.12 | 430 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 1825 | 13.120 |
12 | 784 | 13.110 |
12 | 5684 | 13.100 |
7 | 1545 | 13.090 |
8 | 1679 | 13.080 |
Price($) | Vol. | No. |
---|---|---|
13.140 | 133 | 4 |
13.150 | 466 | 5 |
13.160 | 1233 | 8 |
13.170 | 1744 | 8 |
13.180 | 1513 | 7 |
Last trade - 11.27am 17/06/2025 (20 minute delay) ? |
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Ronald Miller, Non-Executive Director
Ronald Miller
Non-Executive Director
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