If a Company buys back its shares for less than their intrinsic value, then although the pie becomes smaller, the continuing shareholders will actually each own a bigger piece of pie. It should (if you have directors who have a good understanding of capital allocation and intrinsic value) result greater earnings per share for the continuing shareholders than would otherwise have been the case if there had been no buy-back.
Ann: On-Market Share Buy-Back, page-57
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Last
$10.08 |
Change
0.160(1.61%) |
Mkt cap ! $1.793B | |||
| Open | High | Low | Value | Volume |
| $9.98 | $10.10 | $9.96 | $1.004M | 100.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1067 | $10.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.09 | 1466 | 17 |
View Market Depth
| Last trade - 10.33am 31/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |