Sunday, November 02, 2008

How Daimler Wasted € 7 Billion On Buybacks In Just 15 Months......

Just brilliant! I have nothing more to add that i havn´t already said at the time when the buybacks were introduced ( see Want My Buyback Back ..."Daimler Edition" & I Want My Buyback Back.....Daimler Is Doubling Down Again). All this has happened at a time when Dailmers net liquidity position ( in part due to the buybacks ) has worsened € 9 billion to almost € 46 billion ( see page 28 in Daimler Q3 Presentaion )

Das Daimlermanagement steht dem von diversen Banken in nichts nach...... Ich habe meinen Kommentaren zu diesem Thema zum Zeitpunkt der Rückkaufankündigung ( siehe Want My Buyback Back ..."Daimler Edition" & I Want My Buyback Back.....Daimler Is Doubling Down Again nichts mehr hinzuzufügen..... Hätte nur zu gerne Unrecht gehabt...... Das alles in einer Zeit während sich auch dank der Rückkäufe die Nettoliquidität binnen der letzten 9 Monate um satte 9 Mrd € auf nunmehr knapp 46 Mrd € verschlechtert hat ( siehe Seite 28 der letzten Daimler Q3 Präsentaion )


Daimler
Due to the current uncertainty in the markets Daimler temporarily suspends the further execution of its share buyback program as of October 24, 2008. Due to the suspension Daimler might not reach its initial target to buy back 10% of the outstanding shares.

I hope you can see the impact of the € 7.5 Billion buyback starting in August 2007.......

Der Effekt des Aktienrpückkaufes von € 7,5 Mrd ist klar zu erkennen, oder?


The company started its first share buyback program at the end of August 2007. By March 28, 2008, 99.8 million shares had been bought back for EUR6.2 billion.

Share Buyback based on the Authorization of the 2007 Annual Meeting
Period
No. of Shares Acquired
Average Price (EUR)
Purchased Volume (EUR)
Total
99,768,314
62.11
6,196,752,952.16
March, 2008
27,622,866
53.62
1,481,249,244.31
February 2008
22,185,448
55.69
1,235,524,406.33
December 2007
4,384,000
69.10
302,953,032.70
November 2007
16,366,000
69.05
1,130,005,849.60
October 2007
13,445,000
74.29
998,821,360.14
September 2007
14,390,000
66.72
960,165,710.94
August 2007
1,375,000
64.02
88,033,348.15


In exercise of the authorization granted by the Annual Meeting of April 9, 2008, the decision of the Board of Management allows for the buyback of 10% or approximately 96.4 million of the outstanding shares for a maximum amount of EUR6 billion

Period
No. of Shares Acquired
Average Price (EUR)
Purchased Volume (EUR)
Total
37,283,831
38.86
1,448,922,311.86
Oct 2008
2,283,831
27.88
63,669,232.59
Sep 2008
7,690,000
39.43
303,203,682.07
Aug 2008
6,910,000
40.19
277,696,796.64
Jul 2008
13,850,000
38.14
528,276,120.47
Jun 2008
6,550,000
42.15
276,076,480.09

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