A 2% reduction in the issued shares as a result of the off-market buyback is hardly going to deliver better returns to the remaining shareholders. On that assumption, its probably a good deal to sell into it.
Conversely, the $2 B on market buy pack programme will reduce the share pool by about 8% and should have a material impact on shareholder returns.
Share buyback
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Last
$127.40 |
Change
4.180(3.39%) |
Mkt cap ! $47.41B | |||
| Open | High | Low | Value | Volume |
| $126.25 | $127.95 | $125.00 | $166.1M | 1.321M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 86 | $127.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $127.41 | 269 | 11 |
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| Last trade - 14.30pm 27/09/2024 (20 minute delay) ? |
| RIO (ASX) Chart |