No comments here? I think IPH management have this decision either they are very confident with the company's performance and believe the stock is seriously undervalued, or they are reckless. Though the 1st assumption is more possible, given this is in line with their dividend implication.
Anyhow, 7%+ short position, means it's likely some shorters (UBS like) will be burnt, and the share price likely to soar a lot higher than current level.
Ann: Announcement of buy-back - Appendix 3C, page-2
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Last
$5.12 |
Change
-0.025(0.49%) |
Mkt cap ! $1.578B | |||
| Open | High | Low | Value | Volume |
| $5.17 | $5.19 | $5.09 | $896.0K | 174.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 8312 | $5.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.12 | 7388 | 35 |
View Market Depth
| Last trade - 12.39pm 22/11/2024 (20 minute delay) ? |
| IPH (ASX) Chart |
