Australian (ASX) Stock Market Forum

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I sold my CSR at 3.19 only to see it rise to 3.27 the next day. damnit. Anyhow I don't understand why companies like csr buy back their own shares. Is it to increase the value of the company, ie each shareholder actually owns more of the company and gets more profit and hence dividend?

I invested my dollars into IDL which appears to be a great business with great growth potential and profit for its price!


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