It is a no brainer that buying back much below NAV, is a net gain for remaining shareholders. HKL just made their first repurchase today (~1.5mil USD) and cancelled them
HONGKONG LAND HOLDINGS LIMITED PROPOSED SHARE BUYBACK PROGRAMME
Hongkong Land Holdings Limited (the ‘Company’) today announces its intention to invest up to US$500 million in a
share buyback programme (the ‘Programme’) extending until 31st December 2022
https://links.sgx.com/FileOpen/HKLH0906....eID=682657
HONGKONG LAND HOLDINGS LIMITED PROPOSED SHARE BUYBACK PROGRAMME
Hongkong Land Holdings Limited (the ‘Company’) today announces its intention to invest up to US$500 million in a
share buyback programme (the ‘Programme’) extending until 31st December 2022
https://links.sgx.com/FileOpen/HKLH0906....eID=682657
I am not a certified financial advisor and so nothing of what I say should be construed as financial advice. Please consult a certified financial advisor for advice instead.