RE: First Buy Backs Announced this Morning…3 Aug 2021 15:50
Share buy back has commenced and wouldn't you know it, the share price is down. SHARE BUY BACKS ACHIEVE NO PURPOSE WHATSOEVER - they have never resulted in boosting the share price. Yesterdays average price was £1.767 - today they buy more at a cheaper price. What a waste of resources.
Last share buyback resulted in the share price falling. All BPs share buybacks the same; aviva the same; lloys the same. Never seen one yet boosting the share price