Hi,
I think these bank buybacks are an abomination , basically an unfair tax dodge for SMSF's and others on very low tax rates. As a consequence I am in all of them boots and all.
My reading of this one is that it is a waste of time, the dividend component is too small , hence there isn't much extra profit in taking this up at the 14% discount , even at 10% barely worth bothering.
Unless I have misread it, a special dividend would have been better.
Ann: Westpac announces $3.5 billion off-market share buy-back, page-2
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Last
$28.48 |
Change
0.295(1.05%) |
Mkt cap ! $98.48B | |||
| Open | High | Low | Value | Volume |
| $28.30 | $28.50 | $28.20 | $64.89M | 2.286M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 14046 | $28.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.48 | 789 | 3 |
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| Last trade - 14.50pm 17/07/2024 (20 minute delay) ? |
| WBC (ASX) Chart |