Cayenne Trust (The) (LSE:TCT) Shares Outstanding (Diluted Average) : 36.43 Mil (As of Jul. 2015)

Cayenne Trust (The) Shares Outstanding (Diluted Average) Chart

Cayenne Trust (The) Annual Data
	Trend	Jan06	Jan07	Jan08	Jan09	Jan10	Jan11	Jan12	Jan13	Jan14	Jan15
Shares Outstanding (Diluted Average)		Get a 7-Day Free Trial					39.54	42.05	49.05	44.23	43.44

Cayenne Trust (The) Semi-Annual Data
	Jan06	Jul06	Jan07	Jul07	Jan08	Jul08	Jan09	Jul09	Jan10	Jul10	Jan11	Jul11	Jan12	Jul12	Jan13	Jul13	Jan14	Jul14	Jan15	Jul15
Shares Outstanding (Diluted Average)	Get a 7-Day Free Trial															35.43	53.03	43.65	43.24	36.43

Cayenne Trust (The) Shares Outstanding (Diluted Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

Cayenne Trust (The)  (LSE:TCT) Shares Outstanding (Diluted Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Cayenne Trust (The) Shares Outstanding (Diluted Average) Related Terms

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Cayenne Trust (The) (LSE:TCT) Business Description