A 2% reduction in the issued shares as a result of the off-market buyback is hardly going to deliver better returns to the remaining shareholders. On that assumption, its probably a good deal to sell into it.
Conversely, the $2 B on market buy pack programme will reduce the share pool by about 8% and should have a material impact on shareholder returns.
A 2% reduction in the issued shares as a result of the...
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Last
$116.81 |
Change
-3.030(2.53%) |
Mkt cap ! $43.36B | |||
| Open | High | Low | Value | Volume |
| $118.00 | $119.01 | $116.70 | $199.0M | 1.698M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 7256 | $116.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $116.99 | 111 | 1 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |