linges-i also about to ask the same question..not sure buy back shares is good or bad and how it will impact the market price..but after google it,i think it is a gud news..Buyback shows company is cash rich,think the shares is undervalued and to reward shareholders..when they buyback,the no of shares in market will be reduced..Thus if making profit,Earning Per share will be higher.
The Bottom Line(extract from investopedia) :) It would seem that a company buying back its own stock is a good thing in that it takes shares out of circulation and may boost the earnings per share and stock price for the remaining shares. In recent years, though, the actual value of stock buybacks has come into question. Some experts contend that buybacks at current high market levels cause the company to overpay for the stock and are carried out to placate large shareholders.
might be the sudden price surge from few days ago is due to this reason..insider may took advantage before news...
On the questionable portion..if Media buyback below NTA yes its positive...but if buyback above NTA (if price surge beyond NTA before AGM)... yes its look overpay..unless Media is very confident on their further earning and NTA..
I dont know what is MRT ads contract forecast earning..may be have to wait Sifu Icon8888 or LC Chong to come out with analysis.. ha ha..
after further reading...its seems Media proposed to renew the buy-back authority, as previous buy-back approval will expiry on coming AGM...
so its not really a new news or new buy back request, but just Media have to renew it in every AGM, if Media intend to continue its buyback authority after AGM..
EX-date 31 May 2017 Entitlement date 02 Jun 2017 Entitlement time 05:00 PM Entitlement subject Final Dividend Entitlement description FINAL SINGLE-TIER DIVIDEND OF 4.0 SEN PER ORDINARY SHARE FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016.
Remarks : THIS FINAL SINGLE-TIER DIVIDEND IS SUBJECT TO SHAREHOLDERS' APPROVAL AT THE 16TH ANNUAL GENERAL MEETING OF MEDIA PRIMA BERHAD TO BE HELD ON 27 APRIL 2017.
bro it always great move to lock some profit even for tea time money..hehe..today also a gud day for me as DNex and Armada are flying but I still holding lor..just enjoying paper profit :)
Agree. So stay in Media Prima better. Actually if read Bursa announcement EPF selling many counters eg banks. construction, etc. They have to reinvest their surplus money. It seems Media a good choice because paying good dividend and it use to be RM 2 ctr .
Erie good pick bro..insas is indeed a good fundamental company..unfortunately i missed the boat n worry to chase high now.. 06/04/2017 00:11
BN_menang...we always hold Media bcoz if it drops to rm1 pun xperlu risau..at least 5% div in hand..its kind of peace of mind counter..like masuk duit dlm ASB
If next QR coming out green..easily it will back 1.3x
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....
linges
2,701 posts
Posted by linges > 2017-03-21 19:11 | Report Abuse
Today during pre closing i top up @1.21 and avg up to 1.14 :((