Intellectually if one supposes share buy backs are a result of 'good times' for the shareholder, the EXPECTATION is better times ahead...
Qantas have given no forward earnings guidance, and the AUD$1.7 ish billion could be a fleet of 787
Encumbering a business with cheap debt to pop a share price target isn't long term strategic thinking but it sure makes a lot of money for those on the inside.
Have a read of what Forbes thinks of enriching insiders
https://www.forbes.com/sites/stevedenning/2015/06/09/how-share-buybacks-hurt-shareholders-and-society/#553be5e3496c
Last edited by Tuck Mach; 1st May 2017 at 01:58.