today market is in CNY mood.

alanaw no offense yo! 

Tomorrow fly rocket 

Cool. You invest RM0.5mil in one counter!
I'm sure you got other counters as well.     

You still got a lot of bullet left??? 

Today most of my counters (both STI and CI) did badly... sob... sob...
Looking forward for a better tomorrow...

protonw mui mui, you have PM

helllo!

looks like a lot of buyin today by proton!

---

Added on September 30, 2009, 7:31 pmmarket might probably rally after friday although investors are wary of the usual lethargic october.

What is ur pick? What if after you bought, then the "REAL" market crash come?

Yeap, strange indeed. DJ drops while good news comes out:

US economy dips at 0.7 percent pace in 2Q
US economy dips at better-than-expected pace of 0.7 percent in spring, probably growing now

    Toilet Zone......errmmm....I mean Twilight Zone ?

Walao ......protonw so happy while DJ dropping. Must be fully loaded with bullets   

flipping back the dividend history

Dialog gave treasury shares once in 2006, whereby 1:50 shares.

How many total shares that Dialog has. Then we can figure out the share dividend

---

Added on September 30, 2009, 10:25 pmFutures -108 now

u dun feel pain with the brokerage fee or ur IB will consolidate the brokerage as 1 transaction...? 
So u r the 1 batang queen? 

icic 

anyway how is panasonic mui mui's didi....i mean the one from her cousin? cute cute n nauti nauti? 
This time the financial results is good i guess.... so hopefully it can FLY FLY FLY.....weeeeeeeeeeeeeeeeeeeeeeeee

Buyback is actually using your portion (as shareholders) money to buy stock for you.

So if the company is doing buyback, effectively it is you are buying the share at the buyback price they are paying right now.

It is your entitled money if company is sincere enough to give it as cash.

I don't see there is a need to company buyback then give it as share dividend afterwards, as it just means it forcing shareholders's entitled cash money to buy the company stock only.

1) You use the cash to give good dividend, share price will automatically stablise itself, it is the market force that matter the most, look at BAT, even the financial crisis was on its height point, its share still solid like a rock. You don't need to interfere much to prop up the share price, nobody can fight the market force, market will determine itself.
3)&4)  Yup, this I agree, but partly no applicable after single tier, any profit made or accumulated profit is taxed at company level.

Nothing beat hard real cash. What if company is actually buying at higher share price level. Like company is paying average Rm2.00 for the buyback, but share price now is Rm1.50. Effectively you don't save any from it. As if give cash, it means RM2.00 net. But now worth Rm1.50 only, still lose out.

5) It is force reinvest, company still pay for commission for brokerage during the buyback as same with retailers, investment banks still charge the commission, stamp duty, clearing fee. Even we received as free share dividend, it means company actually paying for it already. Company money is your entitled money.

The major problem of buyback is so called that reasonable price, what price is low in consideration? Share price below NTA? Share price below cash level per share? There is no guide line on it.
Why buy today, then next day no buying?  Company is just seen buyback when they wish, as same as most retailers buy stocks when they wish, a good strategy to do it in this way?

At least need some analysis or proper explaination to shareholders why buyback and reason for it. We had seen lot of company is making losses for shareholders (in term of money) due to buyback price too high.

The one I had seen the company making decent profit out of buyback programme is IGB, which they sell their part of their previously treasury share (which bought at lower level) at a gain.

Don't mean buyback is totally not good, as ability to buyback means at least company financially and cash situation is strong, just nothing beat hard real cash return for shareholders. Want to reinvest, can always use the cash to buy the share again from the open market, by then shareholders have a choice. Market is not stupid, if a company is good and give good return to shareholders, people won't ignore the stock.

Cheers.