MPH 0.00% 10.0¢ mediland pharm limited

re: when does the share buyback start? has already Last chance...

  1. 237 Posts.
    re: when does the share buyback start? has already Last chance to get out. It must have started today as a large line went through. Probably the insto that took the stock at 50 cents is lighteneing its load. Can't blame them as Magna looks a dead duck in this market. Low yield in a declining industry. Must be some bad news coming too I suspect. The buy back is 11m shares I think, yet there are still 30m + shares in Europe ready to be dumped and a lot were from 32 cent options. Not a good look. An 11m buy back would normally take MPH back up to around 70-80, but because it has fallen away today it is a very bad sign.
 
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