buyback will move the share price by 20-30% over a couple of months i reckon, but do not expect too much initially.
First - they will want to soak up as much as they can as cheap as they can.
Second - buyback buying has a price cap on any given day equivalent to 105% of the 5 day VWAP.
I have not done the math, but the way things are shaping up i think this means that they will be capped from buying above about $1.00 tomorrow. Should step up over time.
MMG Price at posting:
77.8¢ Sentiment: Buy Disclosure: Held