NAB 0.08% $36.88 national australia bank limited

Should Buy Backs be Banned???, page-23

  1. 1,058 Posts.
    As is well known I am always on the alert for
    off market buybacks which are great for building up franking credits and capital losses. I personally believe that this is the only way that companies should carry out
    buybacks. This provides help to small investors and Australian institutions but is useless to foreign institutions.

    I dislike on-market buy backs intensely. They contain the potential for manipulation.
 
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