RE: THE SP8 Nov 2022 17:16
I have a company with 1 share and an mcap of £1, so my sp is £1. I issue 1 new share for £1, so my mcap is now £2 with 2 shares in issue, so SP of £1.
Later on, I buy back that share for £1 and cancel it. So now I have an mcap of £1, with one share in issue, so SP of £1.
So everything else being equal, share issues and buybacks should have no impact on the SP at that point in time.
Future profit / loss of the company would however be distributed over more / less shares