I agree with you the share buy-back is a good move when share is at low, but this doesn't necessarily put a bottom to this.
I want to point out Allan Gray (you have mentioned a few times) is no necessarily a good reference to look at, they have made HEAPS of wrong investment decision in recent years.
At the moment sector sentiment is at a multi years low, many investors worried the return will be bad in the following years, and they ignore the value.
Ann: Trading Update, page-15
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Last
$2.89 |
Change
0.110(3.96%) |
Mkt cap ! $2.300B | |||
| Open | High | Low | Value | Volume |
| $2.82 | $2.92 | $2.76 | $22.11M | 7.733M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 509791 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 226186 | 6 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| SIG (ASX) Chart |
