BusinessDesk Explains: The good, the bad and the ugly of share buybacks

BusinessDesk Explains: The good, the bad and the ugly of share buybacks
Air NZ could buy back up to 160 million shares. (Image: NZME)
Rebecca Stevenson
Listed telco Spark splashed the cash to buy back its own shares and returned money to shareholders before its shares plummeted in price and its debt levels started worrying market watchers. Fletcher Building had a previous share buyback dredged up as a reference point of shareholder value lost and poor governance as it raised hundreds of millions to shore up its books. New Zealand Exchange-listed (NZX) aged care and health provider Radius Healthcare announced it would undertake a share buyback, citing its board’s confidence in t...

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