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(20241128) Seatrium - Continuous Share BuyBack Exercise
The company has been authorized to buy back a total of 68.2 mil shares under its current arrangement. As calculated, there is a balance of about 48mil shares to be bought back from the market progressively in batches, in the coming sessions. Sit tight to join the ride.
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yeoman7881 : I got a query. if remaining is 40Million shares and they allocated 100m. so.far how much is used to buy 20m and how much left. does it means not more than 2 dollars per share for buyback
_MK_Watcher_ OP yeoman7881 : If recalled well, it is based on the average market price of SGD1.9x per share when bought back those 20mil shares. As how much will be allocated/deployed for the remaining, this will highly depend on the available fund and the actual market price when the time comes.
印度阿南德的follower : Share buyback is good for the share price
_MK_Watcher_ OP : This translates the floating shares in the market will be diluted/reduced and in turn jacking up its price to the next fair value when the demands is higher than supplies.
102796003 _MK_Watcher_ OP : Based on moo moo, its fair value is 2.66 and target 2.69 - similar to what other sites are saying (2.30 - 3 bucks range). But this shares seem to not move according to news
_MK_Watcher_ OP : Suspecting needs to know the 'time domain' when they mention these prices. (is it 1 month, 3 months, 6 months, 1 year?) Always believe in your own analysis and study (example: those charts give pretty good indication though not 100% precise) and take those published advices as a pinch of sodium, especially when dealing with those counters that rarely traded fundamentally but emotionally.