The 2022 Qantas share buy-back of up to $400m was announced 25/8/22 and commenced 12/9/22.
The plan should cancel around 100m shares, a very small proportion of the 1.9b on issue.
Share buybacks benefit the shareholder by increasing their ownership stake and unlike dividends which also benefit shareholders, a buyback is considerably more lucrative for execs who are often compensated with share options.
The results announcement which included the buy-back resulted in a considerable jump in the share price, and while for most of this year QAN had been loosely tracking the broader US market & the AUD, it seems to have diverged for now.
The buyback is 16 days in and this table shows the progress so far:
The actual rate of progress will gain clarity as time goes on, but this is the current projection:
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Last
$5.90 |
Change
0.000(0.00%) |
Mkt cap ! $9.613B |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 30832 | $6.37 |
Sellers (Offers)
Price($) | Vol. | No. |
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$5.31 | 220 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 4194 | 6.200 |
4 | 16513 | 6.190 |
1 | 31 | 6.180 |
3 | 1047 | 6.060 |
1 | 1668 | 6.040 |
Price($) | Vol. | No. |
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5.310 | 220 | 1 |
5.600 | 743 | 2 |
5.610 | 24096 | 5 |
5.620 | 9647 | 1 |
5.720 | 4236 | 6 |
Last trade - 10.02am 07/05/2024 (20 minute delay) ? |
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Last
$5.96 |
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Change
0.000 ( 1.28 %) |
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Open | High | Low | Volume | ||
$5.93 | $5.96 | $5.92 | 146742 | ||
Last updated 10.23am 07/05/2024 ? |
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