What is upsetting is every cent Codan goes up now...just shows how much of a lost opportunity a stock buy-back could have been.
The volume on the way up, just as it was on the way down is very light. 10-20k a day wouldn't have had any strain on the balance sheet or affected cashflow on R&D. Just look at the bid and ask. Nothing. Plus...the stock wouldn't have gone down as far as it did if a stock buy-back program was in place.
Such a wasted chance for the shareholders to increase shareholder value.
Stock BuyBack- Codan., page-20
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Last
$15.65 |
Change
-0.150(0.95%) |
Mkt cap ! $2.785B | |||
| Open | High | Low | Value | Volume |
| $15.92 | $15.92 | $15.55 | $2.415M | 154.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 813 | $15.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.66 | 1112 | 2 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| CDA (ASX) Chart |
