Are they consistent or are they buying in fits and starts? Consistency indicates that the company has a plan to reward you. It is also an indication that the company is generating cash flow organically at a steady pace. http://klse.i3investor.com/blogs/oldschool_jaejun/50735.jsp
Yesterday share buyback at average at $0.336, Do you think the company will sell you 0.325? Not yet disposition, that mean the price can go up some more if today continue share buyback.
Today price at 33.5 cent - average share buyback at 27sent x 27.93M earn 24% = just $1.81M, do you think the company will start sell the share ??? or will move to 50cent to sell ???
Date of Buy Back : 11/04/2014 to 23/04/2014 ( 2 week time ) Total Amount Paid For Shares Purchased : RM 3,096,979.79 / No. of Shares Purchased : 9,693,200 shares = Average RM0.3195/share Minimum Price Paid For Each Share Purchased : RM 0.285 Maximum Price Paid For Each Share Purchased : RM 0.340 Total No. of Shares Retained in Treasury : 27,931,000 shares
Do you think what the company will do keep on buying at high price ???
lending bis tough, central bank firm on reducing loan control. owner must have felt it more profitable to invest in own shares hence the buy back.nav of rcecap is more than 50 cents.also nim net interest margin has been squeeced .cost to income not improving too.
Shares buyback has enabled Rce Cap to move from about 27sen to 32.5sen in a year time or about 20%. If sellers withdraw their sale I think shares buyback can move price much higher. Rce Cap are among few finance counters still trading below NTA and also cheapest in share price.
share buy back , currently at 3.6 % , share price move from about 0.24 to 0.32, its about 8 cents thus 3.6 % share buy back = 8 cents increment of share price every 0.45% share buy back will increase the share by 1 cents or about 1 % share buy back ,price increase by 2cents so if the share buy back continue at this rate.. the share price can go..provided the buyer & seller remain constant.. RCECAP can increase the value by declaring share from treasury share instead of normal cash dividend, and the cash save from dividend can use again for share buy back... and the process continue until the share price go up to its NAV
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....
wploun
397 posts
Posted by wploun > 2014-04-21 12:19 | Report Abuse
Up..up..up......Need to break 32 cent resistant, will race until 50 cent very soon.