Buyback

RECENT NEWS
The Australian  1 hr ago  Comment 
BHP Billiton’s conservative stance on share buybacks sent its shares sliding yesterday.
The Australian  1 hr ago  Comment 
KAROON Gas plans to undertake an on-market buyback, valued at about $92 million, to return surplus capital.
Wall Street Journal  2 hrs ago  Comment 
Glencore's Ivan Glasenberg has become the first mining boss this year to hand money back to shareholders, announcing a $1 billion share buyback. That isn't the only place he can claim some vindication.
Financial Times  8 hrs ago  Comment 
OilVoice  9 hrs ago  Comment 
Karoon Gas Australia Limited ASX KAR advises that it intends to undertake an onmarket share buyback the 39Buyback39 over the next 12 months of up to 25112076 KAR ordinary shares or up
Forbes  Aug 19  Comment 
BHP Billiton, the world's biggest mining company, has confirmed plans to split into two separate businesses but failed to impress investors by withholding an expected share buy-back after reporting a profit that missed forecasts.
Reuters  Aug 19  Comment 
The world's biggest mining company, BHP Billiton, announced plans to spin off businesses worth an estimated $16 billion, most of them acquired in a 2001 merger, to focus on its most profitable activities.
Financial Times  Aug 19  Comment 
Danish group raises profit guidance again after a strong second quarter and is planning its first structured buyback programme, with more to follow




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See also Capital Allocation.

A buyback, also known as a share repurchase, is when a company uses excess capital in the form of cash or debt to purchase its own shares on the public market, thereby reducing the number of shares outstanding. In doing so, the company's management signals to the marketplace that it believes its stock is under-priced and that a buyback is the best way to allocate the company's resources.

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