RE: REF: Steady as she goes!2 Dec 2024 13:39
Hi Hammer
I am thinking about 55 days left woking on 1.6 million shares a day buy back at an average price of £2.60p.
€350,000,000 ÷ 1.19 to change to pounds = £294,117,674
£294,117,647 ÷ £2.60p by share price = 113,122,171 share's to be purchased.
113,122,171. ÷ 1,600,000 amount purchased per day = 70.70 days
We have had 16 days of buy backs at the end of today. Obviously if the share price rises dramatically or they increase the amount bought back each day the number of days will change . And of course the exchange rate may vary.
All good food for thought and worth keeping in mind.
Thanks Hammer for getting us thinking, not trying to be pedantic just laying my thoughts out there.
Good luck all LTH we deserve it.