i think share buy back at current price mean LBS is actually think is a value buy at this price.. and keep for long term, the share might be giving back to us after few quater as a dividen share
Laden with increasing debts and terrible cash flow, better keep the cash to improve its cash flow and pare down its debt rather than buy back its jack up share. Should stop paying dividend also as it can't really afford it, as it learned that using debt to pay dividend will not last.
I also think about to enter <0.50 but worry on the present stagr of economy. Construction companies are having difficulty to sell their property. Let monitor a bit longer as we still hold noting. Better make sure to enter!
“Since these units remain unsold, why not let foreigners buy them? It helps revive the local construction industry and ensures developers have a healthy working capital,” Lim told .... In the first place, who asked developers to construct so expensive houses which does not meet the local low income condition. All just want to get rich fast. As for minority SHs, whether those units sold or not they will continue to get little dividends, no idea the $ ultimately go to where.
Probably they don't have money to push up the shares,that's why they always use company money to buy back the shares to support the shares hold by private
Share buy back means nobody want to buy the shares,the company need to use their company cash to buy back the shares in order to support the shares price,but the shares price still drop to 0.46 even non stop shares buy back.Recently they just sold their Dragon hill shares in Hongkong in in a lost reflect they really short of money.
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moneycome123456
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Posted by moneycome123456 > 2019-06-22 14:37 | Report Abuse
Lbs share buy back, what will effect?