RE:Posted on twitter by @Gugo907I am not sure that this post and buyback chart got the attention that it deserved at the time and management certainly did not get the credit.
ARX leading the way in buybacks at the time with a share price over 9% of the wieghted average price (WAP) of the shares they bought back in 2023. They were a good deal then and look absolutely genius now.
For those thinking that buybacks are a waste of money (looking at you poo pot) just check out the share prices and performance of the share prices of companies that did.
Right at the top SU shareholders must or might have been upset buying back share at a WAP over 9% of the current share price at the time. They too look like geniuses today with a share price currently over 29% higher those WAP share price buybacks.
ARX current share price is today is over 50% higher than their 2023 WAP buybacks.
So if SU's management look like geniuses, ARX's management are .....?
GLTA ARX BULLS