InvestorsHub Logo
Followers 34
Posts 2550
Boards Moderated 0
Alias Born 03/16/2013

Re: ZJ Pick post# 20945

Thursday, 02/13/2014 12:32:11 AM

Thursday, February 13, 2014 12:32:11 AM

Post# of 27589
I believe you are correct. If you look at the end of day buys it coincides with the buyback policy for the SEC. Since he announced the buyback plan he has one year to complete it before he has to announce it's completion. However, that also enables him to start a new one since it was 365 days since he last announced it. At the end of this month he has to announce how many shares were bought back this will tell us about where the float structure is at the end of every month.

Here is the link for some but not all of the guidelines

http://www.sec.gov.ng/files/20090408355817RULES%20ON%20SHARE%20BUY-BACK.pdf
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent ATYG News