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.
So, if Buyback Market Price is $20.52 with a 14% discount…. You...
Add WBC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$28.99 |
Change
0.400(1.40%) |
Mkt cap ! $100.3B | |||
| Open | High | Low | Value | Volume |
| $28.80 | $29.02 | $28.77 | $146.2M | 5.054M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 832 | $28.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.00 | 61910 | 47 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| WBC (ASX) Chart |