MMG 0.00% $5.00 mmg limited

buyback will move the share price by 20-30% over a couple of...

  1. 880 Posts.
    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.
 
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