Never seen a buy back actually raise the SP in any meaningful way for any company. Usually a way to help major holders exit or reduce their holding without crashing the SP.
The $400mil should be give to holders and they can then decide individually if they think the shares are undervalued and want to buy more.
I do not want management deciding which shares are undervalued and how spare cash should be invested.
AMP Chart, page-502
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 (20min delay)
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Last
$1.51 |
Change
-0.020(1.31%) |
Mkt cap ! $3.822B | |||
| Open | High | Low | Value | Volume |
| $1.53 | $1.53 | $1.51 | $3.968M | 2.613M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 147893 | $1.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 83370 | 39 |
View Market Depth
| Last trade - 14.35pm 11/11/2024 (20 minute delay) ? |
| AMP (ASX) Chart |