ITD 0.00% 14.5¢ itl health group limited

Ann: Notice of Extraordinary General Meeting/Proxy Form, page-3

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  1. 1,073 Posts.
    lightbulb Created with Sketch. 19
    Sure does. They had approval to buy back 20% from the AGM but it doesn't look like they have exercised that authority yet and are requesting approval at the EGM in Jan to increase the buy back to 50%

    They seem to have had an ongoing approval to buy back for the last couple of years but the last time they appear to have exercised it was in Nov 17 when they brought back 8m shares at $0.45.

    Shares hit 0.14 yesterday and made the HC leader board so if the fall last week didn't attract attention, the rise probably will.

    20m shares have traded (23%) since the delisting announcement last week. By the looks of it the sellers at 7.5-9 cents may have acted too quickly.

    On the other hand I seriously doubt long term holders (it was above 40 cents this time last year) will get their money back. Maybe those with an average of 15 to 20 cents will get out by the skin of their teeth. Depth is suggesting several lined up to get out at 0.14. They'd be traders who brought recently I'd guess.

    PS I know SFA so don't act on my thoughts
 
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