reddevil0728
Great Supremacy Member
- Joined
- Dec 16, 2005
- Messages
- 59,063
- Reaction score
- 3,744
what other telcos?Singtel not relevant soon.. Other telco will catch up
what other telcos?Singtel not relevant soon.. Other telco will catch up
Singtel 28may today start buyback share to tank the price. Good luck to those scapegoat
I have a totally opposite thinking from yours.No wonder drop so much.
If they dun come out and buy back maybe it won't drop that much.
Intention one.
After that when it chiong up they profit.
When 5g come out the stock will go up and dividend return to normal?
I have a totally opposite thinking from yours.
The price drop ytd was mainly due to -25.7% q4 net profit and -49% div. It would drop >$0.11(4.2%) if no buyback. It prevented some app alerts (for passive investors) and trading bots from triggering , which could cause even more panic selling. Buyback shows that the company is cash rich, not in big debts, and confident on its share price. It should give some form of assurance to investors.
Likewise, shareholders should be worried when their company try to raise cash in a weird way during a plunge in earnings.
No wonder drop so much.
If they dun come out and buy back maybe it won't drop that much.
Intention one.
After that when it chiong up they profit.
i bought at 2.85 weeks ago , now 2.47 .
Depends on how much they buyback? Maybe not significant enough to cover the selling from negative news?Actually, if share buyback occurs, shouldn't the share price increase instead? It reduces the number of outstanding shares in the market pool which leads to an increase in the share price short term. Of course, there are a lot of other options to use that money instead of buying back their own shares.
i bought at 2.85 weeks ago , now 2.47 .
Depends on how much they buyback? Maybe not significant enough to cover the selling from negative news?
perhaps from a TA perspective, was looking at 2.6 range for reasonable entry previously before announcement of results.
what about now ?
2.4 range seems ideal for this week but will probably wait a few trading days to confirm the price movement first.
not going to average down too much also.
nice. despite all the buyback still so low. questionable.