Buy backs work well for the company as they get to buy back more of their company with not much complaining from share holders and they save all that money when it’s dividend time.
Psn have already cut thier dividend as the interim dividend has dropped from £1.10 to 20p and there is no gaurantee that the final dividend wont be much better.
Maybe when youre trying to sell millions of shares you don't get the option for bid price on a falling share?
Just checked and BP has bought back over 3bn shares and for how much that saves them they don’t bring the dividend back up to something sensible as they are sitting at a price they were at before any Covid troubles
So what is this based on? do you have a link to show whats happening?
It still opened today at £14.54 so if you traded it you could of bought in at the end of the day for 50p a share less. I now think the share will drop more tomorrow based on todays trading. The good thing with the rescent rise though gives you confidence to know this will be much higher at the end of the year.
Ahh capital gains loss for to help sell, yeah I have a big one this year but I need it to offset selling all my BP shares at £5.40 as capital gains for this year is only £6k
I’m hoping to sell at a loss but that’s never going to happen, I deliberately haven’t traded shares in my trade account as I knew I would be in this situation and my average in my trade account is £14.54. I also still have 4000 shares in there so it’s going to take a few years to get all that out and into my other accounts without paying tax.
I hope it does take a while as I want to put £20k into my isa and £10k into my pension from my trade account in April and all these rises are screwing that up as it’s £3k max for capital gains tax after the 6th April.