$Seatrium (S51.SG)$ Sembcorp marine are buying back shares d...
$Seatrium (S51.SG)$ Sembcorp marine are buying back shares daily.
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Upncoming1841 : Don't agree with the mgt's decision to buy back shares when they had to resort to a rights issue to raise cash not too long ago. May run out of cash again soon due to the nature of their business. But on the other hand, one might interpret this share buyback mgt's confidence as having abundance of cash going to forward, which was one of the concerns of investors.
X017 : Daily slowly to reach 0.1 at end of the month
Grogu : Don't understand the logic behind for buying back shares??? It shows that the management don't know what to do with the cash...something is wrong with this management.
Louis Tan6 OP : A stock buyback occurs when a company buys back all or part of its shares from the shareholders. Common reasons for a stock buyback include signaling that the company's stock is undervalued, leveraging tax efficiency, absorbing the excess of the shares outstanding, and defending from a hostile takeover.