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'Undervalued' DDH1 announces share buyback

WEST Australian drilling giant DDH1 has kicked off the new financial year by announcing a share buyback scheme just over 16 months since it raised A$150 million at $1.10 to list on the Australian Securities Exchange.

 DDH1 shares have struggled since April

DDH1 shares have struggled since April

The on-market buyback, which is being co-ordinated with Canaccord Genuity, is seeking to purchase up to 10% of the shares in the market over the next 12 months, starting from July 18.   That could...

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