Forum Archive Index - August 2000

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Re: [sharechat] CEN share Buyback.

From:	Roy <baldman@internet-auditor.com>
Date:	Fri, 18 Aug 2000 09:44:52 +1200

What is the impact of the share buyback on the position of the small investor ?

It would appear that a policy of buyback will support a base share price around $2.60, and that is just fine for now.

Not quite right old bean.

Policy is based on buying at less than the average price on the day(their guess).

Just over 10mill shares purchased

Average price $2.67398

Highest $3.06 (14June)

Lowest $2.36 (28 Apr)

The buy back policy tends to slow declines and accelerate gains.

Your call now :) :)

My bet is that price will increase as we get closer to end of CEN financial year.

"I Trade therefore I am"
Zen Trader philosophy

Roy

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