Have checked and found that in 2012, 2013 they did the same thing. Only 2 shares buyback of 100 units each time. Looks like every March and August, they have to do some shares buyback to keep it active. Then why waste time have an AGM of getting approval of share buyback when they dont have the intention to buy back the shares?
More people will take notice of this counter once 1.04 is broken and supported. Volume looks promising. If can break the 5mil shares mark, it will be nice.
YTL Land & Development (YTLL MK) Technical BUY with +19.0% potential return Last price : RM0.940 Target Price : RM1.03, RM1.12 Support : RM0.900 Stop-loss: RM0.890 BUY with a target price of RM1.12 with stoploss below RM0.890. Following a retracement from the recent high of RM1.03, YTLL has established support at RM0.900. The share price is set to end the current short-term downside bias following yesterday’s breakout above the immediate resistance of RM0.925 and the short-term downtrend line. An extremely higher trading volume of 3.2m shares (vs 20-day average of 0.6m) was recorded, implying fresh buying interest which could create a new up-leg. Bullish crossover in both MACD and Stochastic signaled a growing momentum which should in our view push the share price higher in the near-term. We peg our medium-term upside target at the significant high of RM1.12. Expected Timeframe: 2 weeks to 2 months
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....
wonnksa
179 posts
Posted by wonnksa > 2014-03-05 18:38 | Report Abuse
You are so observant, thanks. timl.