Hi,
I think these bank buybacks are an abomination , basically an unfair tax dodge for SMSF's and others on very low tax rates. As a consequence I am in all of them boots and all.
My reading of this one is that it is a waste of time, the dividend component is too small , hence there isn't much extra profit in taking this up at the 14% discount , even at 10% barely worth bothering.
Unless I have misread it, a special dividend would have been better.
Ann: Westpac announces $3.5 billion off-market share buy-back, page-2
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Last
$28.50 |
Change
0.315(1.12%) |
Mkt cap ! $98.48B | |||
| Open | High | Low | Value | Volume |
| $28.30 | $28.52 | $28.20 | $74.34M | 2.618M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 8878 | $28.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.50 | 17064 | 27 |
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| Last trade - 15.14pm 17/07/2024 (20 minute delay) ? |
| WBC (ASX) Chart |