For every company buying back their own shares they are choosing not to buy equity in another company. All companies making that decision can't be right as it's likely another company is cheaper than your own.
The more cynical view on buybacks is it benefits c-suite execs who gain most of their compensation in stock or stock options. They want the stock price to be as high as possible and paying out dividends generally lowers the share price.
Ann: Appendix 4D and Half Year Financial Report, page-188
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Last
$7.65 |
Change
0.020(0.26%) |
Mkt cap ! $6.399B | |||
| Open | High | Low | Value | Volume |
| $7.69 | $7.71 | $7.64 | $24.66M | 3.217M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 22151 | $7.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.66 | 12306 | 2 |
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| WHC (ASX) Chart |