re: on market share buyback Howdy gse,
yep it does seem confusing on the surface - but buying back shares is actually a form of debt reduction strategy for the company.
Less shares on offer implies less outgoings at dividend time. It is a wise strategy to do this rather than just sit on cash as the received interest is usually less than the dividend liability from shareholders.
Hope this helps
Cheers
Commy
re: on market share buyback Howdy gse,yep it does seem confusing...
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Last
$42.31 |
Change
0.210(0.50%) |
Mkt cap ! $214.6B | |||
| Open | High | Low | Value | Volume |
| $42.29 | $42.43 | $42.18 | $105.1M | 2.483M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 8770 | $42.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.31 | 3962 | 12 |
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| Last trade - 13.53pm 29/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |