If the benefit is at $2 per share and you truly believe that WBC share price will be higher than 21.50 in a few weeks, you can buy replacement shares now and offer the current shares to Westpac knowing at a 10% discount, Westpac would probably buy the lot from you. I would only gain $1.50. I would offer my shares back at a 0% discount without expecting them to buy from me. But in case they decide to buy at 21.50 rather than buying on the market later then I would get about $3 per share. That's not bad. I would immediately buy back the shares when they pay Within a few days, WBC is not expected to go very much. This market might even go down further.
Ann: Westpac announces $3.5 billion off-market share buy-back, page-833
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Last
$31.80 |
Change
-0.540(1.67%) |
Mkt cap ! $109.5B | |||
| Open | High | Low | Value | Volume |
| $32.00 | $32.00 | $31.65 | $239.6M | 7.523M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 120044 | $31.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.86 | 15000 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| WBC (ASX) Chart |