Friday, October 6, 2017

Oct[4] - The Less The Merrier

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.

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