Given the original optimism surrounding the share buyback, and the surprise by many investors that Clinuvel is not more aggressively re-purchasing shares, I was expecting at least some alternative suggestions. However, this basically confirms my thesis. I see no indications from the company, nor from their execution of the buyback, that it is intended to accomplish anything other than maintaining a 26 P/E floor on the share price. It is not intended to raise the share price. It is simply there to provide a share price safety net of approximately $15.
Given the original optimism surrounding the share buyback, and...
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Last
$14.93 |
Change
0.330(2.26%) |
Mkt cap ! $748.0M | |||
| Open | High | Low | Value | Volume |
| $14.61 | $14.93 | $14.56 | $781.3K | 52.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 355 | $14.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.95 | 215 | 1 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$14.93 |
Change
0.330 ( 2.15 %) |
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| Open | High | Low | Volume | ||
| $14.80 | $14.93 | $14.57 | 7358 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| CUV (ASX) Chart |