Insider Activities

[secretinvestors]

S$10 million in share buybacks last week
- Share buybacks are a process where a share issuer repurchases some of its outstanding shares from shareholders through open market transactions.
- For the fourth week of the month from 22 to 26 December, there were a total of 7,285,000 shares repurchased by 12 stocks with a total consideration of S$10.2 million. This followed on from a total of S$64.5 million in buyback values in the preceding week.
- The five stocks with the largest consideration amount in buybacks last week were OCBC, Singapore Press Holdings, SATS, Sarine Technologies and Singapore Technologies Engineering.

30 Dec SGX report -More details can be seen here: http://www.sgx.com/wps/wcm/connect/sgx_e...30122014_1

[Temperament]

Why buy back now? Isn't the prices of most of these stocks are quite far above their "mean" price?
Really for whose benefits? If company has too much retained earnings, increase dividends pay to you is the real stuff not any other "financial engineering" by the company. My 2 cents.

[corydorus]

I think this gives one indication of certain level of management style to keep money within themselves.
I could see exception in ST Eng. Not sure about SAT.

[Caelitus]

For OCBC, the company is replenishing the Treasury shares for issue as (a) Employee Share scheme, (b) share options, and © future scrip dividends? That is good, is it not?

Vested in both OCBC and ST Eng.