Buy the deep??1 Oct 2021 13:57
"The Company announces that on 29 September 2021, it purchased ordinary shares of USD0.001 in the Company ("Ordinary Shares") to be cancelled in due course, pursuant to the share buy-back programme announced on 10 March 2021.
Date of purchase: 29 September 2021
Number of Ordinary Shares purchased: 5,416
Highest price paid per Ordinary Share: 550 pence
Lowest price paid per Ordinary Share: 550 pence
Volume weighted average price paid per Ordinary Share: 550 pence
Following the above transactions and subsequent cancellation, the Company advises that its issued share capital is 56,351,648 Ordinary Shares, with 237,787 Ordinary Shares held in treasury. Consequently, the total voting rights of the Company are 56,113,861."
no clear why they set the price at 550, in fact today it dropped to that price and even more: having said that, are you 'buying the deep' or not?