RE: Buybacks from Oateys post last night28 Jan 2023 11:33
I believe the buy back, is undertaken by the MM’s, the company would instruct a broker to buy share from the market, at current market value in tranches. These are given back to the company to dispose of.
I.e reducing the total number of shares out in the market, which should result in a prince increase and overall better value for shareholders holdings shares as dividing shares by market cap, you’ll own a bigger portion