naive statement and completely wrong. It’s beneficial to you as a shareholder since WBC is buying shares back at a cheaper than ‘on market price’ via using franking credits that are not prescribed any value in its balance sheet or in general by the market. It’s a win….
Off market buybacks like this increase EPS and utilise dormant franking credits that essentially is ignored in general valuation metrics in the share price.
Retail holders often do my head in with such statements.
WBC Price at posting:
$20.85 Sentiment: Hold Disclosure: Held
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