WHC 1.74% $7.91 whitehaven coal limited

Even better than you say. The math is actually 929.7/(929.7-160)...

  1. 5 Posts.
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    Even better than you say. The math is actually 929.7/(929.7-160) = ~20.8%.

    =)

    Take an extreme example, you own 100 shares out of a 1,000 share company (you owned 10% of the company here). They buyback 50% or 500 shares, you now own 100 out of 500 shares or 20% of the company 1000/(1000-500) = 100% increase in ownership so in this case 10% to 20%.
 
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