Let me say from the beginning, Share buy back is something new to me. All the other companies I have invested in actually issued more shares to raise money.
I see the reasoning, less shares floating around mean earnings per share increase .
Like a ponzi scheme in reverse.
Does not mean greater revenue.
To increase revenue, you need to increase sales.
R&D , recruiting quality personnel will increase sales.
To do this you need to spend $. Build the business.
Share buy back increases the share price, good if in a few years the company wants to do a Cash raise and issue more shares.
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Last
$325.32 |
Change
0.580(0.18%) |
Mkt cap ! $33.88B | |||
| Open | High | Low | Value | Volume |
| $322.84 | $325.57 | $321.11 | $8.346M | 25.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 38 | $325.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $325.36 | 23 | 3 |
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| Last trade - 11.32am 16/07/2025 (20 minute delay) ? |
| PME (ASX) Chart |