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.
A bit dramatic to say this but it could be true. While we're...
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Last
$13.20 |
Change
0.200(1.54%) |
Mkt cap ! $1.902B | |||
| Open | High | Low | Value | Volume |
| $13.17 | $13.21 | $13.09 | $417.9K | 31.79K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1539 | $13.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.21 | 681 | 9 |
View Market Depth
| Last trade - 10.23am 16/06/2025 (20 minute delay) ? |
| CTD (ASX) Chart |