RE: Why the plunge?11 May 2026 13:37
"bab**** international has continued its share buyback programme, repurchasing 6,542 ordinary shares on 9 february 2026 via j.p. morgan securities at an average price of 1,422.3823 pence, with a view to holding the stock in treasury. "
At today's share price of 1020p that represents a loss of 402p per share, or £26,356.
I've never been a fan of share buybacks, but surely the idea is to buy in the dips, when you think that the shares are undervalued.
These shares peaked at 1471p in Feb 2014 and had dropped to as low as 214p by Jan 2021.
They were still under 500p in January of last year, before climbing sharply up to 1485p on 21st Jan 2026.
So at 1,422, these shares have been bought at near an all time high.