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My thoughts are that SP is being manipulated ATM until buyback is complete, I fully understand that the BB is only a small% of shares issued, but, it they are lining their own pockets at a late date, I would rather they buy back cheaper 😜.
Hopefully the b back will be completed by 14th July.
That may give us two weeks to head north before update on 28th July
Gla
Buyback to date, close of markets...
Thursday 29/6/23
9,375,000 of 15,000,000
They are getting there, slowly!
With a bit of luck they should get buy back done by 14th, giving them a fortnight to test new highs.
Roll on 28th July.
Gla
Rob..
Well we certainly know where the shares from the buyback will end , rewarding the board of directors.
Gla
I thought debt had been reduced to app £8.3b , may be even less now!!
Strange! Re TAP
Posted on Adfn by prozolla
hTTps://www.reuters.com/markets/deals/iags-interest-portugals-tap-depends-privatisation-conditions-ceo-2023-06-26/
Buyback to date, close of markets...
Tues 27/6/23
8,175,000. of 15,000,000
Over 50%
Roll on 28th July.
Gla
Ford..
Yes indeed, debt was reduced to approx £8.3- 8.4, as indicated in 1st quarter results.
They probably have been reduced further since then, as per suggestion in AGM.
Roll on 28th July to see the latest data.
Gla
Buyback to date, close of markets...
Mon 26/6/23
7,475,000. of 15,000,000
Roll on 28th July.
Gla
My opinion is they will complete the buyback withing 2 weeks.
They will give a bumper profit increase in 2nd quarter, some news of debt decrease, and hopefully an indication to future bookings looking forward.
Dyor
Buyback to date, close of markets...
Fri 23/6/23
So far only happening in UK market.
6,275,000. of 15,000,000
They picked up a bit extra with the fall in sp.
Roll on 28th July.
Gla
We will have to see how events pan out over the weekend, and the effects on the markets on opening up on Monday morning.
Gla
Well there share buy back is close to 30% complete.
If they continue in this vain, they should complete the process prior to their next update on 28th July.
Lining their pockets before the next update, to save the company money..lol
Should clear the way for an increase in our SP then.
21/6/23...
Buyback to date, close of markets... (22/6/23)
So far only happening in UK market.
3,775,000. of 15,000,000
They are not rushing this time around!
Our SP seems to be stagnant ATM.
Roll on 28th July.
Gla
Perhaps I was being greedy 😕 lol
Ideal world, I would love a 1p increase each market day, leading up to 28th July.
Would/could it happen.
Time will tell.
Gla
21/6/23...
Buyback to date, close of markets... (20/6/23)
So far only happening in UK market.
3,175,000. of 15,000,000
They are not rushing this time around!
Our SP seems to be stagnant ATM.
Roll on 28th July.
Gla
So far only happening in UK market.
2,425,000 of 15,000,000
They are not rushing this time around!
Gla
Looks like this share buy back will hold our SP in a new channel to enable a lower buy back figure.
Are the company hoping to achieve this but back before next 1/4 results are released on 28th July??
All just thoughts.
Gla
Well we have another share buy back, this time for director's etc.
Max 15,000,000, which represents 0.03%
Time to re-test 170.
Gla
Well if they suggest debt will be down and profit increased, it will well be worth waiting until 28th July (DYOR etc on this).
Be quite happy if we consolidate mid 160's, as this is better than the mid 150's.
Gla