RE: Bluebell29 Jul 2024 14:03
Mor
''yield of over 10%''
BP can decide to switch further returns by way of dividends at any time, but whilst at low valuations, it is a good investment to purchase back BP shares.
There are a number of stocks languishing at low price levels that have very high yields.
''No one really knows what effect the buybacks have had on sp, it’s all,just opinions''
NO, not opinion but a FACT, which I have given in previous post.
buybacks for cancellation will always create a higher share price based on the same market cap. BP is currently on about the same share price as Feb 2020 because the valuation that the market has placed on BP is about £15 Billion less now