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commented on a stock · Nov 28, 2024 05:04
$Seatrium Ltd (5E2.SG)$ I am curious, why they don't buy bac...
$Seatrium Ltd (5E2.SG)$ I am curious, why they don't buy back after the litigation announcement? I think the share buy back is just a waste of precious cash flow. Not a good indication of sound management
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gentle Iguana_2693 : There are strict guidelines for doing share buyback. That does not mean all counters are following the spirits, there are clearly some property counters fighting the market now with their buyback.
_MK_Watcher_ : The company has been authorized to buy back a total of 68.2 mil shares under its current arrangement.