share buybacks

64 days ago

Imperial Brands – full-year results, remains income value

Tobacco and related ‘next generation products’ company Imperial Brands (IMB) has announced results for its year ended 30th September 2023 emphasising “stronger, more sustainable operational and financial outcomes” and “enhanced shareholder returns with 4.0% dividend increase as well as a 10% increase in share buybacks”. What of this having currently helped the shares up to above 1800p?

403 days ago

Tom Winnifrith Bearcast: could the US regional banks implode & why hasn't Sharon White been sacked by John Lewis?

I start with a discussion on share buybacks, then turn to the woes of John Lewis and finally look at the US regionals with the charts below wondering whether the banking crisis could, notwithstanding UBS buying Credit Suisse, roll on.

1028 days ago

Tom Winnifrith Bearcast - reflecting on share buybacks at Domino's and elsewhere

I recorded this last night. I hope that by the time you listen I am on my way to Greece. Fingers crossed. The title of this podcast is self-explanatory.

2283 days ago

Tom Winnifrith Bearcast - Surging Sterling: it was never about Brexit

I start with a discussion on Neil Woodford. Should I do a "special" session on him at UK Investor Show?  Answers in the comments section below please. Sterling is very much on the up. It was never about Brexit, that was a lie from the liberal media and remoaners. It was always about base rates and they are now on the up. What does that mean for us all? I look at Prezzo, another restaurant chain in the merde but it is not just about being in the wrong sector at the wrong time it is about debt and that, as I explain, has wider implications. And finally I look at the latest initiative from this not fit for purpose Government, meddling with share buy backs.

3240 days ago

ARM Holdings and those share trades

I do not normally cover companies capitalised at £15.5 billion but I am puzzled by ARM Holdings (ARM) and the matter of its share buybacks. It is very odd.

3494 days ago

The Level & Type of Share Buybacks I see make me very worried

In certain circumstances share buybacks make sense. Where a company has surplus capital and cannot think of a way of earning an economic return on that capital it is absolutely right that it is returned to shareholders via buybacks. I prefer them to special dividends because one can elect to sell less or no stock or to stay on board with a bigger percentage of the equity. It is down to the individual investor. And it is right that surplus capital should be returned to the company’s owners (shareholders) not simply be hoarded by management.