Please see below table of companies who think the best use of excess capital is to buy back company shares. 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 favourably, as management look to repurchase shares when they think they are undervalued.
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| Company | Code | Announced | Time period | Shares to buy back |
|---|---|---|---|---|
| Cadence Capital | CDM | 2019-05-15 12:05:00 | 01/06/19-31/05/20 | up to 31,795,000 |
| Kelly Partners Group | KPG | 2019-04-17 12:04:00 | 8/5/19-7/5/20 | up to 10% of issued capital being 4,549,7187 shares at 17/4/19 |
| Centuria Capital Group | CNI | 2019-04-15 12:04:00 | 12 months | up to 30,479,317 |
| Aurora Global Income Trust | AIB | 2019-04-04 12:04:00 | 18/04/19-18/04/20 | up to 761,067 |
| Woolworths | WOW | 2019-04-01 12:04:00 | 01/4/19-30/5/19 | up to A$1.7 billion worth |
| Trimantium GrowthOps | TGO | 2019-03-15 12:03:00 | 29/3/19-29/3/20 | up to the lessor of $5 million worth or 9,486,900 shares |
| Glennon Small Companies | GC1 | 2019-03-01 12:03:00 | 19/3/19-19/3/20 | up to 10% of issued capital |
| Bingo Industries | BIN | 2019-02-28 12:02:00 | 15/3/19-15/3/20 | up to $75 million worth of shares |
| Caltex | CTX | 2019-02-26 12:02:00 | 18/3/19-12/4/19 | target size approx. $260 million |
| Mitchell Services | MSV | 2019-02-26 12:02:00 | 18-/3/19-17/3/20 | up to 173,837,634 |
| CSR Limited | CSR | 2019-02-25 12:02:00 | ongoing | up to $100 million worth of shares |
| GTN Limited | GTN | 2019-02-25 12:02:00 | 12/3/19-11/3/20 | up to $20 million worth |
| Brambles | BXB | 2019-02-25 12:02:00 | Over 12 months | up to 159,115,225 (10% of issue) |
| Integral Diagnostics Limited | IDX | 2019-02-21 12:02:00 | 8/3/19-08/3/20 | up to 15,539,953 |
| Genworth Mortgage Insurance | GMA | 2019-02-06 12:02:00 | 21/2/19-31/6/19 | up to $100,000,000 worth |
| Love Group | LVE | 2019-02-01 12:02:00 | 11/2/19-11/2/20 | 10% of issued capital (4,037,416 shares as at 1/02/19) |
| Stanmore Coal | SMR | 2019-01-18 12:01:00 | 4/2/19-3/2/20 | up to 25,282,751 |
| CBG Capital | CBC | 2019-01-14 12:01:00 | 18/2/19-17/2/20 | up to 2,617,635 |
| Finbar Group | FRI | 2019-01-09 12:01:00 | 24/01/19 for 12 months | up to 20,000,000 |
Please note information relating to any securities mentioned is not a buy or sell recommendation and you should always investigate further and make up your own mind on the course of action to take. The information presented has been obtained from original and published sources believed to be reliable, but its accuracy cannot be guaranteed. The entire contents are copyright. Reproduction in whole or part is strictly forbidden without the approval of the publisher. This information is not financial advice and does not take into account your personal situation and we accept no responsibility for any claim, loss or damage as a result of information on this website.