Buy back do work the way you implied but in the event where you have 300m outstanding shares not when you have 3 billion + where even to remove 10% of outstanding shares company need to run this buy back for years so this $1b is total waste of funds. As I said earlier, do 2 for 1 consolidation and then issue special dividend if you have extra cash.
The share price rise in WBS is purely because of dividend and not because of buy-back or company performance.
Ann: Dividend/Distribution - WBC, page-39
Add WBC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$31.87 |
Change
-0.230(0.72%) |
Mkt cap ! $109.9B | |||
| Open | High | Low | Value | Volume |
| $31.51 | $31.91 | $31.40 | $269.1M | 8.473M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 348 | $31.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.87 | 420 | 1 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| WBC (ASX) Chart |