LOL Piste Skier without the announcement I think today's increase would've been a big round number = 0.
People going on about special dividend, from my experience doesn't really help the share price much. If special dividend of 30 cents is announced you see a rough increase of 30 cents leading into the ex-date and then a drop of 30 cents immediately after. So what you gained in the dividend you lose on the share price once it's paid.
A share buy back over a sustained period like 1 or 2 years can provide a lot of flexibility to see through market down turns, tends to offer a solid support floor to the share price, reduces the number of shares in the market and just have to see the response today up nicely 6%.
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