BagHolder23
103532591
:
Gives an indication that the company thinks that the price they paid is a fair book value (they might not buy if over valued).
Company will hold these shares in a treasury and might use for fund raising once the price has gone up.
If dividends are announced in the future, the company will retain its share which they can use to fund investment for growth or use as security for external financing.
104066712 : Lol banks also buy back bro
103532591 : share buy back mean reduce share volume in the market make value increase? company has plenty cash to use?
BagHolder23 103532591 : Gives an indication that the company thinks that the price they paid is a fair book value (they might not buy if over valued).
Company will hold these shares in a treasury and might use for fund raising once the price has gone up.
If dividends are announced in the future, the company will retain its share which they can use to fund investment for growth or use as security for external financing.
103532591 BagHolder23 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Wall Street Raider : banks also buy back. Look at OCBC, share price still soaring.