AZJ 0.59% $3.37 aurizon holdings limited

So on the 29th they bought back about 17% of turnover on ASX and...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 7,719 Posts.
    lightbulb Created with Sketch. 161
    So on the 29th they bought back about 17% of turnover on ASX and Chi-x. Yesterday on the 30th they bought back 2m out of 8.3m on asx + 5.6m on Chi-x - 14% of turnover. Certainly you would think the SP is being held aloft by such vigorous buying. I thought the idea of the buybacks was to reduce dilution at the lowest possible cost, and not to support the SP.
 
watchlist Created with Sketch. Add AZJ (ASX) to my watchlist
(20min delay)
Last
$3.37
Change
-0.020(0.59%)
Mkt cap ! $6.313B
Open High Low Value Volume
$3.38 $3.38 $3.36 $4.404M 1.307M

Buyers (Bids)

No. Vol. Price($)
7 1834 $3.36
 

Sellers (Offers)

Price($) Vol. No.
$3.37 193772 36
View Market Depth
Last trade - 12.40pm 04/12/2024 (20 minute delay) ?
AZJ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.