So - they roughly bought the first million shares back. Another 3.5 to go. Will be interesting to see how the market behaves when the buyback finishes, but maybe we have some good news until then ...
Lets hope so. Because a million shares for this company is not a small amount of volume and the SP has still steadily been dropping. So post the buy back.... bit of a worry. That said, a company will always be attractive at a certain price. So the sellers will have to stop selling if the price gets too low (barring further negative news)
Hopefully punters have decided to go the second hand car way
NZ NEW VEHICLE REGISTRATIONS FALL IN JANUARY AS MARKET SOFTENS
http://www.sharechat.co.nz/article/d...et-softenshtml
Who’d buy a new car anyway seeing they only go 800km before seizing up.
Over 400k shares bought at $2.33 and no end in sight of that line being reloaded for sale at that price, I wonder who the big seller/sellers are?
I remain surprised there have been no shareholder notices,other than the buyback,for months.
I think SeeWeed must be the big buyer, if it is not you.?.lol.
Yesterday 452,590 TRA shares were traded,of which 85% or 385,322 were brought back.
Appears the 30% of weekly traded shares only,is no longer in place.?
Since going xd 1,201,247 have been brought back,taking the total number to 1,965,315.