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2 comment(s). Last comment by ks55 2014-10-25 21:42
Posted by ks55 > 2014-10-25 21:42 | Report Abuse
Share buy back subject to many misuse of share holders fund and manipulation of share price. Very glaring example is Parkson Holding Bhd. Ask and find out yourself why I say so.
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CS Tan
4.9 / 5.0
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....
calvintaneng
56,536 posts
Posted by calvintaneng > 2014-10-25 12:42 | Report Abuse
Insider Buying Is Far Better Than Company Share Buy Back
After the 2007/2008 Market Crash I saw IJM Directors loading up on IJM Shares around RM2.40. So I just followed. Today IJM is over RM13.00 (after split RM6.50)
Same goes for BJ Corp when TSVT Bought & Bought BJ Corp in year 2006 at 9 cents all the way to 50 cents before Goldman Sachs joined in. BJ Corp later shot past RM1.50.
Last year I saw all Directors/Insiders With Concerted Effort Bought & Bought TN Logis Shares at RM1.50. They saw what we the outsiders could not see as yet. So I just bought 3,000 shares for a test case.
And TN Logis Shot Past RM6.00 (Now split with bonus issue) Up an astounding 300% in less than one year.
So Insiders share buy back do indicate so future event only they are aware.
As For Company Share Buy Back It is a little murky.
When PNB Bought & Bought HT Padu shares when was a talk of privatisation. HT Padu Share Price Shot Up From 90 Cents to RM1.40 by PNB Share Buying. After that nothing happened for a long time.
There is a suspicion that PNB was pushing up HT Padu price for Insiders to sell out at a higher price.
So Insiders Buying Is Clearly Superior Than Company Share Buy Back
But If Both Company & Insider Operate Share Buying At The Same Time It Will Definitely Be Very Positive!