Mohd Firdaus Foo Abdullah's comment on MYEG. All Comments
Mohd Firdaus Foo Abdullah
11 Like · Reply
Buy back shares. Goes to treasury. Then cancel them. Share in market become less. Value will increase right? Or wrong?
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4 years · translate ·
kelvin cha
right.......
2 Like · 4 years · translate
Lee Long
Right........
1 Like · 4 years · translate
Reeve Yong
Betul betul
1 Like · 4 years · translate
Reeve Yong
Today sbb 1mil units again
1 Like · 4 years · translate
Kate Nash
Share buy back could have these ways to handle the treasury shares:
- cancel it, will increase the EPS, this is good for shareholder, MYEG always does this
- issue as bonus shares to shareholders
- sell it in open market, some companies did this, which is not that good for shareholders, MYEG didn’t do this AFAIK
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4 Like · 4 years · translate
LK Chong
Right. But MYEG does another better way. Buy back shares cancelled. Issue new shares at higher price. More cash.
1 Like · 4 years · translate
IceIce
hi guys, i got a newbie question
why company will use so much money to buy back shares, and then just cancelled it? Few millions just become nothing?
2 Like · 4 years · translate
Boc Bic
ice total share will decrease, share value will go up
1 Like · 4 years · translate