WBC 1.13% $15.80 westpac banking corporation

Wesypac-If I were a shareholder, page-2

  1. 254 Posts.
    re: Westpac-If I were a shareholder What?

    you dont agree with buybacks to increase EPS?

    i would much rather a buyback than just have them sit on the funds for a while in a term deposit. you dont invest in equitys for such returns

    i do however see your point that maybe WBC is paying more than it would have to if it took smaller parcels over a longer time frame however in the terms of the buyback they have set a maximum price. It is rather high at approx $17.14?

    However if a company has large cash reserves and nothing better to do with it they should do a buyback as it also represents that thecompany is happy to invest in itself and it would be unlikely (i hope) for a company that believes it share price is going to decline to prop up the price with its earnings, without believing that they are getting value for the purchase.

    banks are overpriced anyway. wait next month for rate rise
watchlist Created with Sketch. Add WBC (ASX) to my watchlist
(20min delay)
Mkt cap ! $57.71B
Open High Low Value Volume
$16.15 $16.28 $15.70 $56.66M 3.549M

Buyers (Bids)

No. Vol. Price($)
4 8623 $15.79

Sellers (Offers)

Price($) Vol. No.
$15.81 1062 2
View Market Depth
Last trade - 11.48am 03/04/2020 (20 minute delay) ?
-0.180 ( 1.62 %)
Open High Low Volume
$16.18 $16.27 $15.71 449764
Last updated 12.07pm 03/04/2020 (live) ?
WBC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.