RE: Share Buy Back11 Nov 2022 08:13
Is when a company has lots of cash around and does not want to give a Divi , so decides to buy back more of their own shares at a price from the market. The idea is that if they buy back a total number of shares then those shares get taken off the books so the total number of shares on issue is less and if you devide the number of shares left in the market against MC the shares left and owned by the share holders should go up and so be worth more. Does it work, yes in some cases and will it work in CNA who knows. Just a quick breakdown and I hope that helps.