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huu
''The object of the buyback is to boost the share price in order to meet the requirements of the bonus scheme.''
The market decides on the market cap (share price) on a daily basis.
The object of a buyback is to return capital to shareholders by reducing the number of shares on the market. At the same time on a level earnings basis, the EPS would increase to the degree of the buyback percentage.
probably a reasonable move lti...im holding and will be for a long time....sold a very small portion of my bp position yesterday @350.073
Share price has slipped back , probably due to profit taking. Interesting to see what happens tomorrow . great results today i am holding for the time being. GLA
They should have just bought shares back with the 5billion to start with, would have made a huge difference compared !
Buy backs also eliminate shares you have to pay dividends on.
I worked for one company that paid a dividend of equivalent to 5% on shares at the SP and borrowed money at 1% to buy back shares that eliminated them paying out a 5% dividend.
If that makes sense?
We’ll done for selling, but on a day the market falls several % this will more likely move up to 300p when the market bounces back. It appears that the current energy crisis is fuelling panic everywhere, yet it was only a year ago when energy prices were almost at zero and you couldn’t give gas or oil away at any price! I’ll stick it out for 300p at the moment. Adyor GLA
Buybacks after a consolidation and phony Special Dividend cancelled out by the consolidation ? But it's a miniscule buyback programme, once again cannot see the point. At least this is simpler and won't continually swamp this board with questions about the consolidation and phony SD as per before !
The object of the buyback is to boost the share price in order to meet the requirements of the bonus scheme.
No it does not always work, if investors smell a rat and a sinking ship then they will jump ship too.
same here mate, took my profits , nice
just a small proportion of my holding at just under 272p
Although some may consider long overdue,credit where credit is due.I have long thought the company is sound purely because every time i visit my local Hatfield or Potters Bar stores they are always very busy.The public trust Tesco in my eyes for quality and substance.
gaz
''no one will even notice.''
I think the market has noticed the intentions of an ongoing buyback programme, unless you think that today's large rise is all purely down to the release of roughly expected profit figures.
Gaz
''Look at the numbers, 7.7+ billion shares will be reduced to 7.6 billion shares, a tiny, tiny, dent. Once the euphoria has gone, no one will even notice.''
£500 million, I think you will find will purchase a lot more than 120,000,000 shares.
Also that is a first tranche of an ongoing programme.
I refer you to my 9.49 post
Gaz
''However, buy backs. So rare do they work in the long term. I have only been in one share where buy backs worked''
The object of a buyback is to return capital to shareholders by reducing the number of shares on the market.
I think you will find that every buyback 'works' .
Vulture1 "The yanks love companies that do share buy backs and it often does help raise the share price."
Although more than often doesnt have a positive effect, av. Vod and ulvr cases in point
thankyou i understand now
The yanks love companies that do share buy backs and it often does help raise the share price.
Also excellent to see the £500 million is just the start of an ongoing programme.
of course if volume is very low .....
sv
''The buy-back program is scheduled to last until October 2022 as per the RNS''
No - that is a cut off point - the programme will finish at a time depending on daily spend which in turn is determined by volume.
Orla The buy-back program is scheduled to last until October 2022 as per the RNS
Thank you Lti I think I just about understood that lol.
or simply look at the first few buyback RNS's to see the amount being spent each day
o56
A buyback when shares are cancelled will increase the earnings per share figure.
The market determines the share price on a daily basis.
Tesco will be able to purchase up to 20% of average volume over the previous X amount of days . You could roughly therefore work out for yourself how long it would take to spend £500 million