kahhoengSigh! Read the Edge, Rozali didn't mention share buyback as an option. Can only hope he will...
cheatedAll are cheated. Where got mention shares buyback in AGM?
Posted by kahhoeng > May 25, 2016 12:26 PM | Report Abuse Attended AGM just now, proposed and allocation of RM 200 million for share buyback, was said a good idea and will look into. I also asked him to initiate purchase himself. Hope both will be taken into action.
FAIRnREASONABLEKahhoeng suggested SBB and the Board responded that the idea would be considered.
SBB must be tabled as resolution for approval by shareholders at a general meeting. Since no SBB was approved, Rozali was not in a position to make any announcement to the media.
SBB may pose a problem to the major/controlling shareholder as his increased % could trigger a GO.
As clarified at the AGM, the cash pile is intact and is earning 3 - 4% yield.
Hopefully, this Q results to be announced is not negative.
AK2899He will look into how to use our money to buy over triplc....