QAN 0.68% $5.88 qantas airways limited

I don't think the announcement was bad enough to call for a 3%+...

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    I don't think the announcement was bad enough to call for a 3%+ drop in SP. What's the deal here?

    Announcing a buy-back is much better than dividend isn't it regarding market sentiment, as theres more control within the company in terms of price fluctuations?
 
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