Share buyback transactions involves share issuers repurchasing some
of their outstanding shares from shareholders through the open market.
Once the shares are bought back, they will be converted to treasury
shares, thus outstanding shares reduce. Other motivations include
companies moving to align stock valuations with balance sheet
objectives. The following list show companies bought back shares in
consideration ~ $1m last month.
Four
of them were shortlisted for discussion here. Some with attractive
valuation as of current trading price. Some has potential overturn in
business prospect. Thus, the buy back action could be justified.
