So our excess cash may be used to buy back shares. Fine with me.
If they buy back 10% of shares, I'll get an 11.1% higher share of the profits ie 11.1% higher dividends in the future.
Maybe it'll cost $10-13m to buy back 10% of shares. Assuming we continue with the current positive trend it shouldn't take long to pay off that $10-13m and be back to cash positive ready to buy back more shares or grow! :D
Ann: Renewal of share buy-back - Appendix 3C , page-2
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Last
$1.36 |
Change
0.000(0.00%) |
Mkt cap ! $145.9M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7437 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 3960 | 1 |
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| Last trade - 10.02am 26/11/2024 (20 minute delay) ? |
| CYG (ASX) Chart |
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