1b$ is approx .4 of 1% of cba value - $250B .004% of share price $155 -- 62c Now they have bought $282m of buy back' So the buy back up to now, has, in theory helped increase the SP by 18c. Yes the buy back has really pushed the SP UP. the last 12months or so. A question why would you buy back shares when the market is going up so much. Wouldn't you wait until the price pulls back to do some BB. They are not rushing are they, $282m of 1B$ so far. over 12 mths or so.
And also $282m is about an average day's trading. $282M is chicken sh1t compared to the enterprise value of CBA. As far as all your stuff about indices, shorts, options etc etc - in the whole overall scheme of things, they are a drop in the ocean.
CBA Price at posting:
$155.13 Sentiment: Hold Disclosure: Held
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