If a Company buys back its shares for less than their intrinsic value, then although the pie becomes smaller, the continuing shareholders will actually each own a bigger piece of pie. It should (if you have directors who have a good understanding of capital allocation and intrinsic value) result greater earnings per share for the continuing shareholders than would otherwise have been the case if there had been no buy-back.
Ann: On-Market Share Buy-Back, page-57
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Last
$10.16 |
Change
0.235(2.37%) |
Mkt cap ! $1.823B | |||
| Open | High | Low | Value | Volume |
| $9.98 | $10.18 | $9.96 | $2.373M | 235.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1158 | $10.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.16 | 359 | 5 |
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| Last trade - 12.12pm 31/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |