Rio's off-market Share Buy-Back tender closes on Friday 10 November.
Any ideas on rio's share price post the buy back?
A couple of related thoughts (that may or may not be valid)
- at present it seems rio is ranging somewhere around $69 +-3%
- the buy back will increase the underlying value of each remaining share (as they will be purchased at a discount of up to 14%)
- the buy back is most attractive to low marginal tax share holders due to the high franking component ... this includes super funds in pension phase.
- will the participants in the buy back look to replace their tendered shares? ie buy more to replace those sold in the buy back?
- if so will that occur after the tender closes or are they doing so now?
what impact is the process having on the current share price?
what impact will the process have on the post buy back (after 10 Nov) share price?
price after share buy back?
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Last
$129.24 |
Change
0.140(0.11%) |
Mkt cap ! $47.97B | |||
| Open | High | Low | Value | Volume |
| $129.39 | $130.12 | $129.10 | $161.2M | 1.246M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1657 | $129.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $129.25 | 3722 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$129.44 |
Change
0.140 ( 0.14 %) |
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| Open | High | Low | Volume | ||
| $129.45 | $130.13 | $129.10 | 165369 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| RIO (ASX) Chart |