I pretty much did the same as Grajem12 above, although I'm still in accumulation mode, and have put them all up for sale at the Buy-back price and hoping that I won't be scaled back. Trying to pick the discount seemed a bit of a crap shoot to me and in the end we all get bought back at the same price so I was more concerned with full participation than trying to protect against too much of a discount.
I had a parcel of qualifying shares in my SMSF with a average price of $20.71 - I bought their replacements a couple of weeks ago @$20.44 so at these prices, participating via the SMSF I will have nominally more cash in the account at the end of the financial year with the franking credits and a capital loss to offset other capital gains in the account.
As I play around with the calculator I think I'll be around $0.60 a share better off at the full 10% discount and > $3.50 better off at 0%, assuming a $22.30 VWAP so it seems like a good thing to do. Maybe all the stars have aligned for me, but hopefully there are plenty of shareholders that it makes sense for - so we get the full $3.5 Bn bought back and my remaining shares (same number as 4/11 at a lower cost base) get the benefits of the reduction in SOI.
As for on-market buybacks, love em, great idea but often hard to execute. GMA a good example, announced $100 M buyback on the 8th of December running through until May, so far have bought back less than $2.5 M. Might be easier on a mega-market cap like WBC.
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- Ann: Westpac announces $3.5 billion off-market share buy-back
WBC
westpac banking corporation
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Ann: Westpac announces $3.5 billion off-market share buy-back, page-866
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Last
$34.63 |
Change
0.320(0.93%) |
Mkt cap ! $118.4B |
Open | High | Low | Value | Volume |
$34.30 | $34.76 | $34.26 | $183.0M | 5.295M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 18451 | $34.63 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$34.70 | 44000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2975 | 34.630 |
1 | 4156 | 34.610 |
1 | 2562 | 34.600 |
1 | 1288 | 34.470 |
1 | 750 | 34.410 |
Price($) | Vol. | No. |
---|---|---|
34.700 | 44000 | 1 |
34.720 | 7323 | 1 |
34.730 | 86 | 1 |
34.740 | 1650 | 2 |
34.750 | 2697 | 1 |
Last trade - 16.10pm 12/08/2025 (20 minute delay) ? |
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WBC (ASX) Chart |