Posted 21 января 2022,, 14:09

Published 21 января 2022,, 14:09

Modified 24 декабря 2022,, 22:37

Updated 24 декабря 2022,, 22:37

Question of the Day: why does Sberbank buyback its shares?

Question of the Day: why does Sberbank buyback its shares?

21 января 2022, 14:09
Фото: Фото: 1MI
As you know, on January 20, Sberbank announced that it was buying back its shares (buy-back), but that it was going to spend 50 billion rubles. This news raised the stock quotes of Sberbank immediately by more than 10 rubles.

According to Sberbank, it will allow “implementing a program of long-term remuneration for employees” - therefore, the bank’s management will receive not only money, but also shares, and the more expensive they are, the more pleasant the manager.

Such operations have been carried out in Sberbank for several years, and now its shares are extremely popular on the market, and can grow by several percent a day at once, while the rest of the market is falling...

"Well, if Sberbank is a company with good profits and dividends, then why not? Although, nevertheless, the growth of 5-6% per day looks very strange!", - says network analyst Alexei Koloskov.

Is anyone manipulating his shares? Could it be that the Sberbank management itself is involved in these operations in order to receive good dividends. It's hard to prove, but it's hard to disprove...

In addition, the announced promotion will take place both on the open market and outside the stock exchange too. That is, both at market value and by agreement ... But an agreement can be at a price higher than the market one! Isn't that why they came up with buy-back, to pay the right people?

This buy-back proved once again that the Russian market is completely insider: for several days the shares traded better than the market, and the slightest decrease in them was immediately redeemed, as if someone knew in advance that the shares would rise and made good money on it ...

It is no secret that buy-back of shares not at the lowest prices always looks more than strange, since it is not profitable for the company itself. By the way, foreign companies also sin with this. For example, Apple buys its own shares at the very peak of quotes. His managers, too, after all, receive bonuses in shares, and why are Sber's ones worse?

By the way, in 2008, VTB Bank also held a buy-back of its shares, and also at the highest prices. It was only then that the market collapsed so that its shares fell to 2 kopecks, although at the time of the IPO they were worth 13.5 kopecks. Well, some bank managers lost their posts.

Does the same thing happen with Sberb? This is an important issue, since buy-back is carried out with the money of ordinary investors, Koloskov concludes.