RE: Share buyback14 Apr 2023 14:37
Look at the amount of shares that have been purchased each day , its very small.
Think it's around 1m altogether. The Company wants to purchase around 113m so not even scratched the surface .
The company is targeting an average cost of about 19p
However if people are willing to sell their shares very cheap then the company will take them.
Once these few sellers are out of the equation things will move up.
What holders selling at 15p does mean however , is the company can afford to pay 23p per share later and still get their 19p average.