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
$26.03 |
Change
0.240(0.93%) |
Mkt cap ! $90.40B | |||
| Open | High | Low | Value | Volume |
| $25.95 | $26.34 | $25.92 | $173.5M | 6.654M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9600 | $26.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.06 | 10811 | 2 |
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| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$26.01 |
Change
0.240 ( 0.86 %) |
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| Open | High | Low | Volume | ||
| $25.95 | $26.34 | $25.92 | 1924721 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| WBC (ASX) Chart |