WBC 0.83% $27.20 westpac banking corporation

Hi,I think these bank buybacks are an abomination , basically an...

  1. 6,544 Posts.
    lightbulb Created with Sketch. 285
    Hi,
    I think these bank buybacks are an abomination , basically an unfair tax dodge for SMSF's and others on very low tax rates. As a consequence I am in all of them boots and all.
    My reading of this one is that it is a waste of time, the dividend component is too small , hence there isn't much extra profit in taking this up at the 14% discount , even at 10% barely worth bothering.
    Unless I have misread it, a special dividend would have been better.


 
watchlist Created with Sketch. Add WBC (ASX) to my watchlist
(20min delay)
Last
$27.20
Change
0.225(0.83%)
Mkt cap ! $94.38B
Open High Low Value Volume
$27.05 $27.27 $27.00 $125.5M 4.625M

Buyers (Bids)

No. Vol. Price($)
18 8556 $27.19
 

Sellers (Offers)

Price($) Vol. No.
$27.20 2173 9
View Market Depth
Last trade - 15.44pm 18/06/2024 (20 minute delay) ?
Last
$27.19
  Change
0.225 ( 0.98 %)
Open High Low Volume
$27.03 $27.27 $27.01 742913
Last updated 15.59pm 18/06/2024 ?
WBC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.