mysmo1 they have dividend records but stopped for years. however, recently they start giving dividend again, first one is 1.5 special dividend. another is proposed 1sen dividend. awaiting approval at coming AGM.
iloveshare/si min tan, ic, may be your average price is at 0.25+/- so that derived to ~6% dy and better than fd, i am newbie and enter at .78 so the dividend not so attractive to me. Unless they pay 4c dividend..kakakaka by the way, why they stop paying dividend for years while their stock price increase by 3x over the years?
OTHERS AWC BERHAD ("AWC" OR "THE COMPANY") (I) PROPOSED RENEWAL OF THE AUTHORITY FOR SHARE BUY-BACK BY THE COMPANY (II) PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF THE COMPANY
AWC BERHAD
Type Announcement Subject OTHERS Description AWC BERHAD ("AWC" OR "THE COMPANY") (I) PROPOSED RENEWAL OF THE AUTHORITY FOR SHARE BUY-BACK BY THE COMPANY (II) PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF THE COMPANY The Board of Directors of AWC wishes to announce that the Company proposes to seek the approval of its shareholders for the following proposals at the forthcoming Fifteenth Annual General Meeting (“15th AGM”) of the Company:-
(I) Proposed renewal of the authority for the Company to purchase its own shares of up to ten percent (10%) of the total issued and paid-up ordinary share capital of the Company ("Proposed Share Buy-Back"); and
(II) Proposed amendments to the Articles of Association of the Company (“Proposed Amendments”).
A Statement to Shareholders containing the details of the Proposed Share Buy-Back together with the Notice of the 15th AGM containing the information of the Proposed Amendments will be despatched to shareholders in due course.
This announcement is dated 20 October 2016.
Announcement Info Company Name AWC BERHAD Stock Name AWC Date Announced 20 Oct 2016 Category General Announcement for PLC Reference Number GA1-19102016-00076
The Meaning of Share Buybacks A stock buyback, also known as a "share repurchase", is a company's buying back its shares from the marketplace. You can think of a buyback as a company investing in itself, or using its cash to buy its own shares. The idea is simple: because a company can't act as its own shareholder, repurchased shares are absorbed by the company, and the number of outstanding shares on the market is reduced. When this happens, the relative ownership stake of each investor increases because there are fewer shares, or claims, on the earnings of the company.
Typically, buybacks are carried out in one of two ways:
1. Tender Offer Shareholders may be presented with a tender offer by the company to submit, or tender, a portion or all of their shares within a certain time frame. The tender offer will stipulate both the number of shares the company is looking to repurchase and the price range they are willing to pay (almost always at a premium to the market price). When investors take up the offer, they will state the number of shares they want to tender along with the price they are willing to accept. Once the company has received all of the offers, it will find the right mix to buy the shares at the lowest cost.
2. Open Market The second alternative a company has is to buy shares on the open market, just like an individual investor would, at the market price. It is important to note, however, that when a company announces a buyback it is usually perceived by the market as a positive thing, which often causes the share price to shoot up
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....
takashino
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Posted by takashino > 2016-10-14 09:50 | Report Abuse
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