MY intuitive response is that selling into the buyback only works if straight away ( before even getting the BHP money ) you immediately buy more more BHP ,this way you don't lose your position but harvest the capital gains.It only works if you have a really really low taxable income.With buybacks you dont really have control over the price you get.eg To my cost I sold into a buyback just before sept 11 2001...the markets were in turmoil..I was nevertheless sold out for a pittance and the price of that stock has since trippled. Buybacks only help the poor and superfunds. As a general rule just follow nancy reagans advice and just say NO.
buy back., page-2
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Last
$41.19 |
Change
-0.370(0.89%) |
Mkt cap ! $208.8B | |||
| Open | High | Low | Value | Volume |
| $41.38 | $41.53 | $41.15 | $305.6M | 7.403M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 802 | $41.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.25 | 2000 | 1 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |