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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: TheReitStuff ⎊☼🐝  😊 😞
Number: of 22354 
Subject: Re: UTG - wow, the buybacks are getting interesting!
Date: 03/01/26 11:30 AM
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No. of Recommendations: 4
I want to present some weak reasoning relating to buybacks that produces an interesting number.

In 2023 Unite placed shares at 905p for expansion.

In 2024 Unite placed shares at 900p for expansion.

In 2026 they bought back shares modestly around 600p and enthusiastically at 500p.

One might speculate that 'fair value' might be somewhere around the middle of the two extremes of buybacks and placings.

(900+500)/2 = 700p.

(900+600)/2 = 750p.

Does anyone know other companies that have flipped from 'capital raise for expansion' to 'buying back'?

TRS

P.S. Selling something for 900p and buying it back for 500p is an amazing business model if you ever get the chance to do it.

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This community has written 589 posts about Non-US Stocks. The article-length ones it recommended most:
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