You till don't get it Ryan do you - (but I got to hand it to you on your persistance LOL)
Your maths are right but:
RE: When a company reduces the amount of shares outstanding by declaring a stock buy back program, each of your shares becomes more valuable and represents a greater percentage of equity in the company.
They do not become more valuable *even though* they represent a greater percentage of the equity in the company because the actual equity in the company is now the 1.5 billion in cash less. The shares in theory should stay at a $1.90.
As mentioned channel ten shares are a good example - the buy back merely underpins the stock - the rest is normal market fluctuations.
OZL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
