RE: This week - Last chance to grab at below £1.80 ask MSF7 Dec 2021 02:50
Yes. Buyback has been running for 22 days now and on average Cairn have bought £97,206 of stock per day (£2,138,532 total). To complete the buyback by 31 Jan as stated in their RNS they need to purchase another £17,861,468 over 56 days upping their average daily purchase to £318,954. (Based on 7 calendar day week).
Which begs the question why such a small average purchase right now at a relatively low SP?