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 look to repurchase shares when they think they are undervalued.
Most recent ASX share buybacks announced
Timah Resources Ltd (ASX: TML) operates a biogas renewable energy plant in Malaysia.
The company announced an on-market buyback of up to 1 million stocks over twelve months.
8VI Holdings Limited (ASX: 8VI) is a financial education platform.
The company announced an on-market buyback of up to 2,027,281 shares over twelve months.
All current ASX share buybacks
To download a spreadsheet of all ASX companies currently buying back shares for $4.99 click here.
Latest ASX share buybacks
|Company||Announced||Time period||Shares to buy back|
|8VI Holdings (ASX: 8VI)||28/7/20||up to 30/7/21||up to 2,027,281|
|Timah Resources (ASX: TML)||28/7/20||17/8/20-16/8/21||up to 1,000,000|
|Fatfish Blockchain (ASX: FFG)||30/6/20||14/7/20-14/7/21||up to 60 m|
|InvestSMART (ASX: INV)||25/06/20||15/6/20-14/6/2021||up to 6,600,000|
|KKR Credit Income Fund (ASX: KKC)||1/6/20||16/6/20-13/11/20||up to 37 million units|
|Eildon Capital (ASX: EDC)||20/04/20||off-market||up to 4,548,339|
|Qualitas Real Estate Income Fund (ASX: QRI)||8/4/20||8/4/20-7/4/21||up to 22,549,719|
|Platinum Capital (ASX: PMC)||8/4/20||23/4/20-22/4/21||up to 29,048,517|
|Platinum Asia Investments (ASX: PAI)||8/4/20||23/4/20-33/4/21||up to 36,375,097|
|Swick Mining Services (ASX: SWK)||7/4/20||27/4/20-27/4/2021||up to 23,145,082|
|Pro Medicus (ASX: PME)||30/3/20||1/4/20-31/3/21||up to 10,394,683|
|Forager Australian Shares Fund (ASX: FOR)||24/3/20||12 months||up to 11,384,383|
|Servcorp (ASX: SRV)||18/3/20||2/4/20-2/9/20||up to 3m shares|
|Viva Energy (ASX: VEA)||18/3/20||2/4/20-2/4/21||up to $680 million worth|
|Centerpoint Alliance (ASX: CAF)||11/03/20||12 months||up to 10% of issue|
|Tribeca Natural Resources (ASX: TGF)||26/2/20||12/3/20-12/3/21||up to 6,300,000|
|Australian Family Lawyers (ASX: AFL)||26/2/20||16/3/20-15/3/21||up to 1,965,953|
|L1 Long Short Fund (ASX: LSF)||26/2/20||16/3/20-16/3/21||up to 66,483,916 (10% of issue)|
|Cardno (ASX: CDD)||14/2/20||8/3/20-7/3/21||up to 10% of issue|
|Mosaic Brands (ASX: MOZ)||6/2/20||20/2/20-19/2/21||up to 9,681,293|