EPW 0.21% $2.43 erm power limited

Ann: Daily share buy-back notice - Appendix 3E, page-5

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  1. 2,949 Posts.
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    Thanks mate, really thin on both the buy and sell at the moment, so any moves are quite exacerbated. A little surprised that it didn't develop a floor at around $1.80. I suppose a lot depends on what the intent of the buyback is - to increase shareholder value through increasing the share price, or by buying back shares as cheaply as possible...

    I'm intrigued by the slow rate of buyback at this point. $642k in 61 days - so $10.5k per day. At this rate it will take another 5 years to burn through the $20 million. Logically, if they are going to complete a full $20 million buyback then they're going to have to step it up....
 
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