I am sure if you read the many posts here in order, you will see that many have discussed this issue. It is clear to your advantage to participate in this buyback. I would only add that you can wait until 17th Dec to decide. At that point, the share price might be already profitable for you to sell on the market and get a profit immediately. If you participate in the buyback, it will take some time before you get the money. You need to wait until the tax return time to get your franking credit back. You also get a nominal loss figure from the buyback to offset whatever other CGT amounts you may need to pay tax on in the future.
I have gained a lot of extra info by reading what others here posted.
WBC Price at posting:
$23.15 Sentiment: None Disclosure: Held
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