A Calculation On Foxtons Share Buyback ...29 Dec 2020 18:41
So far up to the 24 th December I have calculated Foxtons had so far brought back 663,798 shares at a total cost of £317,693 but this last figure is only a basic Calculation on the average price paid per share ..The share Buyback is supposed to last up to the 2 nd March next year which I estimate leaves £2,682,307 to still spend assuming up to £ 3 million is spent ...As there are 44 trading days up to and including 2 nd of March I think Foxtons on average should be spending £60,961 per trading day to meet this target ... In other words the sells per day would have to be more than the buys per day until March by over the last figure mentioned for the price of this share to go back down ... Hopefully this means a nice long upwards rally until early March...