Buybacks

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 AnnouncedTime periodShares to buy back
8VI Holdings (ASX: 8VI)28/7/20up to 30/7/21up to 2,027,281
Timah Resources (ASX: TML)28/7/2017/8/20-16/8/21up to 1,000,000
Fatfish Blockchain (ASX: FFG)30/6/2014/7/20-14/7/21up to 60 m
InvestSMART (ASX: INV)25/06/2015/6/20-14/6/2021up to 6,600,000
KKR Credit Income Fund (ASX: KKC)1/6/2016/6/20-13/11/20up to 37 million units
Eildon Capital (ASX: EDC)20/04/20off-marketup to 4,548,339
Qualitas Real Estate Income Fund (ASX: QRI)8/4/208/4/20-7/4/21up to 22,549,719
Platinum Capital (ASX: PMC)8/4/2023/4/20-22/4/21up to 29,048,517
Platinum Asia Investments (ASX: PAI)8/4/2023/4/20-33/4/21up to 36,375,097
Swick Mining Services (ASX: SWK)7/4/2027/4/20-27/4/2021up to 23,145,082
Pro Medicus (ASX: PME)30/3/201/4/20-31/3/21up to 10,394,683
Forager Australian Shares Fund (ASX: FOR)24/3/2012 monthsup to 11,384,383
Servcorp (ASX: SRV)18/3/202/4/20-2/9/20up to 3m shares
Viva Energy (ASX: VEA)18/3/202/4/20-2/4/21up to $680 million worth
Centerpoint Alliance (ASX: CAF)11/03/2012 monthsup to 10% of issue
Tribeca Natural Resources (ASX: TGF)26/2/2012/3/20-12/3/21up to 6,300,000
Australian Family Lawyers (ASX: AFL)26/2/2016/3/20-15/3/21up to 1,965,953
L1 Long Short Fund (ASX: LSF)26/2/2016/3/20-16/3/21up to 66,483,916 (10% of issue)
Cardno (ASX: CDD)14/2/208/3/20-7/3/21up to 10% of issue
Mosaic Brands (ASX: MOZ)6/2/2020/2/20-19/2/21up to 9,681,293