Have you also looked at the possible value of the 'loss' for tax purposes? It is my understanding that the capital gains proceeds are the capital component for the CGT event- though I believe that the ATO will modify that capital component amount for CGT purposes.
My point is that the buy back could generate a handy CGT loss to use towards other CGT share gains for some.
I would not know if selling into a buy back and then buying back the same shares on market could be a 'wash sale'?
Not meant as advice. Still making sense of it all myself.
IMHO DYOR
WBC Price at posting:
$22.69 Sentiment: Hold Disclosure: Held
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