Literally ALL of the $545 million of money that was grifted from taxpayers that was deployed in this second buyback is now in the red.
What the board were thinking when they approved this, ahead of overdue capital expenditure and in the face of rising interest rates and a recession, is beyond me. It's clear that Joyce just wants to pump the stock for his last stint there to be able to dump his shares on a high, but it'll leave the balance sheet in a very weak position.
Literally ALL of the $545 million of money that was grifted from...
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Last
$6.15 |
Change
-0.030(0.49%) |
Mkt cap ! $10.02B | |||
| Open | High | Low | Value | Volume |
| $6.19 | $6.19 | $6.14 | $39.27M | 6.377M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 120944 | $6.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 41530 | 3 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$6.15 |
Change
-0.030 ( 0.52 %) |
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| Open | High | Low | Volume | ||
| $6.18 | $6.19 | $6.14 | 1065163 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| QAN (ASX) Chart |