What is a buyback?

A buyback, also known as a repurchase, is the purchase by a company of a portion of its outstanding shares that reduces the number of its shares on the open market. This increases the EPS (earnings per share), all else being equal. It is usually looked upon favorably, as management usually look to repurchase shares when they think they are undervalued.

To purchase a spreadsheet of all ASX companies currently buying back shares, click here.

Latest ASX share buybacks
Company  Announced Time period Shares to buy back
Smart Parking (ASX:SPZ) 25/02/21 11-Mar-21-11-Mar-22 Max 5m
Growthpoint Properties (ASX:GOZ) 25/02/21 25/2/21-25/2/22 Max 19.3m
PTB Group (ASX:PTB) 24/02/21 Unlimited Max 5m
Horizon Oil (ASX:HZN) 17/02/21 4/3/21-3/9/21 Max 100m
GPT Global (ASX:GPT) 15/02/21 15/02/21-14/02/22 Max 97.3m
Thorney Opportunities (ASX:TOP) 3/02/21 19/02/21-18/02/22 Max 16.2m
Adacel Technologies (ASX:ADA) 29/12/20 11/01/21-10/01/22 10% of issue
Keybridge Capital (ASX:KBC) 10/12/20 25/12/20-9/12/21 Max 19.7m
Healius (ASX:HLS) 9/12/20 29/12/20-28/12/21 up $200m worth
Elanor Funds (ASX:ERF) 8/12/20 22/12/20-21/12/21 10% of issue
Magellan Global (ASX:MGF) 30/11/20 30/11/20-29/11/21 Max 124,162,911
Ampol (ASX:ALD) 23/11/20 25/11/20-1/2/21 Approx. $300m
Future First Tech.(ASX:FFT) 13/11/20 17/11/20-9/12/20 Max 200 million
Eildon Capital (ASX:EDC) 13/11/20 12 months Max 10 million
IVE Group (ASX:IGL) 12/11/20 1/12/20-30/11/21 10% of issue