I have also noticed that on the most recent share buyback sheet provided to the ASX in November, 2010, the new maximum purchase share price allowable by the company, is 34c. Here's the ANN:
As the SP has declined, so has the allowable price to be paid. The new title for this thread, if made now, would be:
"Buy back to 34c, last trade 29c". In not wanting to mislead anyone new to buying this share, though, I'd have to remark that just because the company CAN pay 34c, doesn't mean it will. It is more likely to pay the current SP. Hopefully, the market will respond to company announcements put out- this company does seem to do quite a bit- 3 price sensitive ANN's over the past couple of months- not too shabby. The dividend yield is currently 6.9%- that's also not too bad, but there are better around. If she SP falls further and the shares are fewer via the share buyback, it could be a good dividend play at some point in the future.
DGX Price at posting:
23.3¢ Sentiment: None Disclosure: Not Held
