RE: What's the point in share buybacks?8 Sep 2021 08:46
If they spent the full 4 billion on share buy backs that would be 25% of the shares cancelled as aviva is valued at around 16 billion. Dividing the profit by the new number of shares would increase earnings per share alot.
I think buy backs are good. At other companies they do not seem to make a difference as they have been such a small percentage.
Even the 750 million that aviva is starting with is over 4.5% of shares. This will make a difference to the earnings per share and should increase the share price to over 5 quid in my opinion.