KLSE (MYR): JTIASA (4383)
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Last Price
1.30
Today's Change
+0.02 (1.56%)
Day's Change
1.26 - 1.30
Trading Volume
5,849,000
2024-12-29
2024-12-27
2024-12-26
2024-12-17
2024-12-17
jjohnchew
3,410 posts
Posted by jjohnchew > 1 week ago | Report Abuse
7. Why hasn’t the Board considered share buy-back program to enhance shareholders value?
Why has the mandate for share buy-back been discontinued since 2022?
The Company did a series of share buy-back many years ago. When oil palm prices were not good, we stopped the share buy-back in order to conserve cash for operational requirements.
The Company made the decision to stop
obtaining the share buy-back mandate in 2022 to conserve cash for diversification into new business should suitable opportunity arises.
However, share buy-back is not the only
method to return cash to shareholders. The
other way is to increase the dividend payout
which the Company did do in the last financial year. We opined that by doing like this is a more even distribution.