BHP 0.67% $45.16 bhp group limited

looking better, page-10

  1. 9,485 Posts.
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    re: on market share buyback I mightbe completely on the wrong train but I think it's a moronic thing this share buy back stuff .

    ie; company floats to raise capital [issues shares to investors] then wants to buy back the shares .
    Surely they can do something more worthwhile with the dam money ? Maybe a special divvy or pay out debt ? invest in other projects ? stuffed if I know but all they are doing is putting a temporary floor under the price so the insto's can off load stock .

    JUST SEEMS SILLY TO ME .

    ge
 
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