The buyback is at present mopping up shares for less than the equity value per share of the company. Similarly an investor purchasing at present prices is buying the shares for less than the equity value per share. The return to the investor going forward should thus be greater than the return on equity of the company. This seems a reasonable equation to me.
Ann: BlueScope 2023 US Site Visit Presentation Day 1, page-25
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Last
$21.85 |
Change
-0.230(1.04%) |
Mkt cap ! $9.587B | |||
| Open | High | Low | Value | Volume |
| $22.08 | $22.18 | $21.77 | $19.59M | 894.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6814 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.87 | 3486 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| BSL (ASX) Chart |