If you look at long term, if the management starts buying back up to 10% within this financial year, and if they will propose another 10% buyback for the next financial year.
Can’t really think of any case where SBB of this scale actually worked to move the share price. But this is Bursas only direct oil play ex futures. Looking pretty solid but so far range bound. Observe & monitor first. Liquid counter easy in easy out
But this actually very good for inflation as oil price going down. The effect is much on oil and gas counter like Hibiscus but for others like semiconductor and chip maybe good news because inflation will start cold down.
The fundamental & accounting figures are good ! Recommended by many prominent investors . Better than other prolonging lost making oil & gas companies , safer to invest and hold even got stuck
3 minute readApril 3, 20236:59 AM GMT+8Last Updated 4 hours ago OPEC+ announces surprise oil output cuts By Maha El Dahan and Ahmed Rasheed Flames emerge from flare stacks at Nahr Bin Umar oil field, north of Basra
[1/3] Flames emerge from flare stacks at Nahr Bin Umar oil field, north of Basra, Iraq March 9, 2020. REUTERS/Essam Al-Sudani/File Photo
Summary
Unexpected move comes ahead of Monday ministerial meeting Total OPEC+ cut pledges now stand at 3.66 million bpd Oil could jump $10 a barrel - analyst
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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....
Sky8020
11 posts
Posted by Sky8020 > 2023-03-04 09:44 | Report Abuse
capital reduction not 800m? why only 160+m?