A 2% reduction in the issued shares as a result of the off-market buyback is hardly going to deliver better returns to the remaining shareholders. On that assumption, its probably a good deal to sell into it.
Conversely, the $2 B on market buy pack programme will reduce the share pool by about 8% and should have a material impact on shareholder returns.
Share buyback
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Last
$116.21 |
Change
-0.250(0.21%) |
Mkt cap ! $43.23B | |||
| Open | High | Low | Value | Volume |
| $116.05 | $116.39 | $115.59 | $48.74M | 415.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13 | $116.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $116.21 | 94 | 3 |
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| Last trade - 10.40am 18/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |