WOW 0.66% $37.80 woolworths group limited

Woolies buyback

  1. 1,058 Posts.
    Woolies did an off market buyback just over a year ago where if I remember correctly they took something like 57% of of offered shares. This was a real gem as the fully
    franked dividend was a high proportion of the payout so I
    made a nice profit on franking as well as generating a tax loss.

    Now there rumours of another buyback. I shall be watching for this and post when it occurs. Anyone who has paid too much for woolies may get out alive if the buyback happens.
 
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