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+.
if you compare the price of gold vs copper, it seems that copper is about the same % increase with gold. but now gold & PM stocks (e.g. Newmont etc) have gone up gao2..
this could be the last moment to load up on JAG, a proxy play to the copper trade in Malaysia. we are now in a quiet bull regime (per MacroOps)..
things should look better going forward if the price of copper can sustain within this band
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.
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Posted by wooming > 2022-03-05 19:37 | Report Abuse
been q at 0.315 friday