Why this MPHB always buy back their share?

Notice of Shares Buy Back - Immediate Announcement

Date of Buy Back : 29/07/2009
Description of Shares Purchased : Ordinary shares of RM1.00 each
No. of Shares Purchased : 1,593,900 shares
Minimum Price Paid For Each Share Purchased : RM 1.690
Maximum Price Paid For Each Share Purchased : RM 1.780
Total Consideration Paid : RM 0.00
No. of Shares Purchased Retained in Treasury : 0 shares
No. of Shares Which Are Proposed To Be Cancelled : 0 shares
Cumulative Net Outstanding Treasury Shares As At To-Date : 92,166,800 shares
Adjusted Issued Capital After Cancellation : 0
Date Lodged With Registrar of Company : 
Lodged By : 

Remarks:
The number of shares with voting rights in issue after the above shares
buy-back is 985,581,854.

NYSE update:

DJ 9154.46 +83.74 +0.92%
NAS 1984.30 +16.54 1.19%
S&P500 986.75 +11.60 +1.19%

Today is like a black swan event to me. 
This is totally unexpected.  The bulls not suppose to get this far but it did. 
Yes, I was shorting energy.. this time, the market caught me. 

Last night morning, the crude oil was pretty bad.  I was expecting it pull back to 60.
US inventory was all time high: 5.1 milllion barrels of crude overstock
Exxon/Esso (XOM) one of the dow component missed its earnings big time.
66% drop from last year, reported 0.83/share instead of expected 1.01/share.
Steel and copper inventory was overflowing into Thames @ LME, China not buying, etc.

Even the US jobless claim came out bad but the media spins as yet again as good.
Less than 1 hour later. The Dow rallies 3 digits up.    What's the news?
Oil lost -3 yesterday, today, it gained back +5 with no fundamentals support.

Only at close, the Dow give back some as teaser. 

Tomorrow, US 2nd Qtr GDP will be released.. as usual, even it is a bad number, because the bulls
are so pumped up with v-i-a-g-r-a, the bears will get sodomized no matter.

Mr. Market.  I gotta give it to you.

Have sold a lot liao.  Anyway hope it can cross rm4 soon. 

LOL, its less than an hr of trading gone yet.

We buy on rumor, sell on news. Prepare for extensive profit taking later.

But then again, our money alwiz stuck wif stocks already right? I tot of like this....expanding the portfolio, let it grow few times, then sell, try to buy lower.
One bad experience is that I sold a stocks 5x the capital, when that time it is giving me about >30% div based on my buy price, but sadly after I sell it, it flies double my selling price and giving about 100% div yield, if I'm still keeping it     

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Added on August 8, 2009, 12:31 am
Are you holding any stocks or 100% cash now?

You mean the one I sold off?

LPI. Very good company. Too bad, I was soooo short sighted to think I can buy lower when they are giving RM1 div annually.

Depends on how u see it. If you are buying fundamentally strong counter, then no worry. But then again, most ppl hope to buy at the bottom

Mind sharing which counter is in your mind now? 

WTF with ALAM, everytime when hit 1.70, goreng down. Now steady over 1.70.

what, Forum Vest S/B got no more share to dispose??

i so wish to sell off now.....