The $3.5b buyback is a non-event for me. A boatload of new WBC are issued every year through things like employee incentive schemes and the dividend reinvestment plan (DRP). Last FY WBC issued ~57m new shares through the DRP alone, worth about $1.4b at current prices. Plus, there'll be equity raisings from time to time for whatever reason, e.g. WBC did a $2.5b equity raising in 2019 due to the Austrac fiasco. The buyback won't change the trajectory of total shares on issue in the long run, which will go up over time.
Ann: Westpac announces $3.5 billion off-market share buy-back, page-359
-
- There are more pages in this discussion • 642 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WBC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$27.17 |
Change
-0.055(0.20%) |
Mkt cap ! $94.21B | |||
| Open | High | Low | Value | Volume |
| $27.24 | $27.25 | $27.13 | $20.62M | 758.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1597 | $27.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.17 | 5361 | 15 |
View Market Depth
| Last trade - 11.58am 19/06/2024 (20 minute delay) ? |
| WBC (ASX) Chart |