Al Madina share buyback
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Al Madina share buyback

 
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nothing
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Joined: 29 Oct 2009
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Al Madina share buyback

Posted on Sat 16 Jan 2010 14:11 by nothing 		Reply with quote
al madina got approval from central bank of kuwait to repurchase of 10%shares Laughing

Kuwait Times 14 January 2010:
The Central Bank of Kuwait (CBK) has approved the request submitted by Al-Madina for Finance and Investment Company (ALMADINA) to repurchase a 10 percent maximum of its issued shares for further 6 months, as of the previous approval expired on 09/12/2009. Al-Madina For Finance And Investment Company should abide by CBK buyback rules and regulations, in addition to the provisions of Article No. 115 of Corporate Law.



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dxb
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Posted on Sat 16 Jan 2010 19:27 by dxb 		Reply with quote
What will be the effects of this approval on the share price? Last it traded at 0.99...
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dxb
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Posted on Sun 17 Jan 2010 11:11 by dxb 		Reply with quote
Finally some positive effect of news Smile
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nothing
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al madina share buyback

Posted on Sun 17 Jan 2010 13:12 by nothing 		Reply with quote
I belive this share is good to accumalate at this price!

this my view.
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al madina share buyback

Posted on Thu 21 Jan 2010 10:09 by nothing 		Reply with quote
Al madina started buying back there share, why the sare price did not go up?
The company must be doing good and thats the reason at this price they find it is cheaper to buyback the shares!
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ixtira
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Posted on Fri 22 Jan 2010 14:22 by ixtira 		Reply with quote
Buy engaging in a Stock buy back Al-Madina are taking shareholders money (which is what it is) and investing it in a loss making business … i.e themselves!

When it’s stated like that it’s not surprising that the share price is falling
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