Author Topic: Buffett buybacks: Could Berkshire tender stock?  (Read 190271 times)

Dynamic

  • Hero Member
  • *****
  • Posts: 617
Re: Buffett buybacks: Could Berkshire tender stock?
« Reply #510 on: March 13, 2020, 04:31:11 PM »
0.26% of outstanding shares retired from 31 December to 4 March. Not enormous but substantial.

There's also a Form 3 out regarding 10% stake in Bank of New York Mellon BK. This seems to be a result of BK buybacks.
« Last Edit: March 13, 2020, 04:49:02 PM by Dynamic »


StubbleJumper

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1344
Re: Buffett buybacks: Could Berkshire tender stock?
« Reply #511 on: March 13, 2020, 06:13:36 PM »
0.26% of outstanding shares retired from 31 December to 4 March. Not enormous but substantial.

There's also a Form 3 out regarding 10% stake in Bank of New York Mellon BK. This seems to be a result of BK buybacks.


What is more encouraging, is if WEB bought 0.26% at ~$220, how much is he buying a few weeks later at $190 or $180?


SJ

longterminvestor

  • Jr. Member
  • **
  • Posts: 60
Re: Buffett buybacks: Could Berkshire tender stock?
« Reply #512 on: March 13, 2020, 06:23:04 PM »
Dynamic - out of respect for your work I feel obligated to be as exact as possible.  When reading your note I noticed my numbers were misleading.  Dates I used were Feb 13-March 4.  I should have included Dec 31 - Feb 13 purchases. There was an additional 847,574 Equivalent B shares purchased during period. 

Dec 31, 2020 Annual Report (page K-103 on Annual Report)
A Share:   701,970
B Share:   1,384,481,533
Equivalent B:    2,437,436,533

Feb 13, 2020 Annual Report (Page 1 of Annual Report):
A Share: 700,396
B Share: 1,385,994,959
Equivalent B:  2,436,588,959

Total Buyback from Dec 31 to Feb 13:
A Share:   1,574
B Share:   (1,513,426) - Some A must have been converted to B for the increased share amount
Equivalent B: 847,574

TOTAL Buyback from Dec 31 to March 4:
A Share:   2,847
B Share:   2,229,163
Equivalent B: 6,499,663

Outstanding share count reduction was more like 0.26666%. 

valueinvesting101

  • Full Member
  • ***
  • Posts: 210
Re: Buffett buybacks: Could Berkshire tender stock?
« Reply #513 on: July 10, 2020, 11:49:31 AM »
Buffett's Berkshire Hathaway reduces share count, suggesting possible buybacks

https://www.reuters.com/article/us-berkshire-buffett-stock-idUSKBN24B2CZ?taid=5f08a57256bb3f000175c765