This space is reserved for John36v to introduce himself.
Could it be true that buy backs are followed by share price falls in the UK too? This article is from Atlantic “Business The Stock-Buyback Swindle American corporations are spending trillions of dollars to repurchase their own stock. The practice is enriching CEOs—at the expense of everyone else. Updated at 2:08 p.m. ET on July 26, 2019. In the early 1980s, a group of menacing…
Price looks a bit high at 1680p with a p/e of 20.4. Anyone know what is going on to push the price up.
Am alone in thinking this Manx Tele is being sold too cheap?
I visited their store in Enfield on a Monday morning and was impressed to see a sales taking place. I don’t know if this store is typical, it apeared to be a low rent store next to a charity shop in a run down parade. The shop fittings were basic. The stock was cheap but was also low quality which is what you would expect…
It could be that as a result of the buy back a potential takeover bid has been abandoned with consequent disposal of shares.
This US link is very informative https://www.thebalance.com/profiting-from-tax-free-spin-offs-in-your-stock-portfolio-357626
