re: woollies buy back ... fludy Yes but the proportion of...

re: woollies buy back ... fludy Yes but the proportion of capital refund and franked dividend can vary greatly making it more or less attractive.

I find off market buybacks to be a good little earner.
However you never know when they are going to happen so you need a very alert broker or to read all the ASX announcements yourself.

Usually you dont manage to sell all your holding in a buyback which makes the Woolies one especially great.
Also often they only buy all shares up to a cetain point
and then a fraction of your holding afterwards.

I also follow a personal rule of not buying shares to participate in a buy back unless the company is sound.

An example of a buyback that I did not touch was the one by Channel seven where the terms were anything but generous