According to Google, The effect of a buyback is to reduce the number of outstanding shares on the market, which increases the ownership stake of the stakeholders. A company might buyback shares because it believes the market has discounted its shares too steeply, to invest in itself, or to improve its financial ratios.
Does any one know that that FAIR VALUE by Bloomberg for JAG is at RM3.46 or 89.6% discounts from its fair value.
Current inventory stood at RM71 mil,. previous average is RM40+.
ah, it's been a month since I commented here :) glad to see it's getting some attention already.. believe me, trust in Dr Cooper and nothing can stop this JAGggernaut ride.. forget about TP, support price and other technical markers.. just ride this JAGggernaut!
During AGM, the board got mention that they think they think the share price is undervalue means the director want to buy more to keep or the company want to do share buy back? since one of their agenda is share buy back approval.. i guess there must be something move around.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....