Absa to buy back shares.

[asylum]

Absa is going to buy back 10% of its shares, any views on this one.

[#2]

Always a good thing! When was this announced?

[asylum]

yesreday at their annual agm.

[#4]

Thanks asylum. It in effect lowers their P/E.

[CrownA]

Buyback is NOT a good thing. It means the directors can find no value anywhere to buy, and are too lazy to make the shareholders more money!It is false value.

[platsak]

Market don't like the news if I look at streamer this morning.