Briefly, buyback may suit those who are after Franking Credits, e.g. Retirees or SMSF in Pension Mode who do not pay tax. The reason is that most of the buyback price consists of a Franked Dividend and a small Capital component. You need to be prepared to wait until next year to claim the Franking Credits in your 2018 Tax Return. Also, you may need to tender your shares at the "Final Buyback Price" in order to be accepted for Buyback (which may be at 14% discount to the market price). You will need to study the Buyback booklet before making your decision. (Buyback may also give you Capital Loss, which may/may not be useful).
Hope this helps. DYOR.
Briefly, buyback may suit those who are after Franking Credits,...
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Last
$129.24 |
Change
0.140(0.11%) |
Mkt cap ! $47.97B | |||
| Open | High | Low | Value | Volume |
| $129.39 | $130.12 | $129.10 | $161.2M | 1.246M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1657 | $129.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $129.25 | 3722 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$129.44 |
Change
0.140 ( 0.14 %) |
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| Open | High | Low | Volume | ||
| $129.45 | $130.13 | $129.10 | 165369 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| RIO (ASX) Chart |