Let me say from the beginning, Share buy back is something new to me. All the other companies I have invested in actually issued more shares to raise money.
I see the reasoning, less shares floating around mean earnings per share increase .
Like a ponzi scheme in reverse.
Does not mean greater revenue.
To increase revenue, you need to increase sales.
R&D , recruiting quality personnel will increase sales.
To do this you need to spend $. Build the business.
Share buy back increases the share price, good if in a few years the company wants to do a Cash raise and issue more shares.
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Last
$320.13 |
Change
-0.720(0.22%) |
Mkt cap ! $33.48B | |||
| Open | High | Low | Value | Volume |
| $322.00 | $324.50 | $319.67 | $7.073M | 21.96K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9 | $319.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $320.08 | 14 | 4 |
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| Last trade - 12.56pm 28/07/2025 (20 minute delay) ? |
| PME (ASX) Chart |