So, if Buyback Market Price is $20.52 with a 14% discount…. You will be 0.17c a share WORSE OFF versus simply selling it on market today. Plus you’d have to wait almost a year to get the $2.70 franking credit refund so that you achieve that 17 cent loss.
Remember that CBA achieved a 14% discount in their buyback. So I’m guessing the ####### board thought they could manage that feat as well.
(###### = insert the adjectival phrase of your choice here to best describe their brilliance)
The way the SP is plummeting, they will be better cancelling this ill conceived buyback and announcing a special dividend instead. After all, the only reason they have extra cash for this buyback is because they cancelled dividends last year.
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Last
$31.81 |
Change
0.210(0.66%) |
Mkt cap ! $109.7B |
Open | High | Low | Value | Volume |
$31.45 | $31.88 | $31.41 | $114.6M | 3.615M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11781 | $31.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$31.86 | 1778 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1377 | 33.400 |
1 | 19 | 33.320 |
4 | 29358 | 32.440 |
2 | 1731 | 31.950 |
4 | 349 | 31.820 |
Price($) | Vol. | No. |
---|---|---|
30.220 | 31025 | 5 |
30.500 | 196 | 2 |
30.650 | 1114 | 1 |
30.950 | 3399 | 4 |
31.000 | 1618 | 4 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
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