bully article, page-44

"The buybacks have been very good for CDU.buy low sell high, limit the number of shares on issue. "

Roh,

How can that be. If we BB shares and we resell then to OW or M&G or whoever else at a profit, where does the reduction of shares on issue comes in.

Yes, we may be making a cash profit by buying low and sell high, but, the total amount of shares on issue will remain the same.