SATS

[tonyking]

SATS has launched series of company buyback of its shares.

The last it did was between 11 Nov 13 - 19 Dec 13, spent est.$8.509 million buying back at between $3.07-3.30. Price seem to have risen back until recently it fell again to as low as $2.93, a 2 years low.

Then it started buying back again, and has spent $9.339 million buying back till yesterday, there was also some large transactions today, it maybe buying back still.

While most companies buyback shares to reward its existing sharesholders, by reducing the number of outstanding shares, since dividends are not paid to Treasury shares it bought back.
Furthermore SATS seemed to only do so, when price seem to oversold. Its dividend of 10cent in Aug 14 & 5cent in Nov 13, if continues will equate to 4.95% (at $3.03 last close).

I like it also since its part of DividendWarrior's portfolio
[Vested]

Adapted recent buyback history from Shareinvestor.com, its a neat data to decipher corporate actions

[Image: Excel+calcluated+-+Recent+Coy+Buyback.png]

[Image: Shareinvestor+-+SATS+Company+Buyback+Chart.png]