If a company bought its shares on the market without funding it by dilution of the existing shares (printing shares) then the money would have to come from profits and not shareholders. You would be able to see this easily.
Companies which actively buy back shares on the market are to be commended as this increases the dividends and earnings per share for the shareholder. They are transforming profits into value for the shareholders. Putting more money in a shareholders pocket.
The opposite is true of companies whch increase the amount of shares in circulation!
And this is certainly not the case for this company.
Money is transfered from existing shareholders into the managements pockets, at staggering amounts in this case.
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