Buyback mode activated and in full swing.
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Buyback mode activated and in full swing.
Just got upto speed with BUB results released end last month. What a shambolic performance, wouldn't like to be holder in that outfit. So much for getting first approval to supply to US market last year and that Corporate daigou once called A2 Andy jumped on their side and everyone thought BUB is the next big thing in IF market. Wouldn't touch it with a barge pole after looking at their recent numbers.
https://www.nzx.com/announcements/408581
Buyback now finished....average price $6.87
$150m well spent?
For the amount of buying they did above $7, it’s incredible they couldn’t stabilise and establish a floor above $7, even for the short term.
Anyway, congrats to all the insiders who used this liquidity injection to exit on their positions at the expense of the company’s cash reserves.
The purpose of the share buyback has nothing to do with controlling the share price, in fact it is deliberately conducted in a manner that does not significantly affect the share price.
Shareholders should be happy that there is now $149 million worth of shares that have been cancelled, as they all now own a larger percentage of the company.
Bad day for the white gold stocks ……both SML and ATM down 5%
Could be a rough week
What do the charts indicate where the next support level is for ATM?
https://www.rnz.co.nz/news/lobbying/...porate-clients
Interesting read- so A2 involves lobbyists to press their case to gain FDA approval… which was a success, which makes me wonder whether they would be doing the same with the Chinese regarding SAMR… curious enough our foreign minister is on the two day trip to Beijing.