Telkom snaps up own shares

The power of the monololy strikes again.
They own 16 901 901 of their own shares and they can still own up to 111 406 363 of their own shares.
BUY THEM.
They will protect themselves.
You cannot lose - well - compared to other shares anyway.
 
FWIW - generally you dont buy back your own shares to keep the price high, you would buy them back to cancel them which would give you a better earnings per share as there would be less shares in circulation.
 
stoke said:
The power of the monololy strikes again.
They own 16 901 901 of their own shares and they can still own up to 111 406 363 of their own shares.
BUY THEM.
They will protect themselves.
You cannot lose - well - compared to other shares anyway.
Click to expand...

Stoke, u sound like someone who owns telkom shares and you're trying to drive the price up :D..
And you can lose, yu always can.. (every1 said buy telkom when it was at R140, and now its at R120)
 
Yups ... but compare them to the other shares out there, and it's one of the best ones ...
That's why I added : Compared to the other shares out there.

PLEASE PEEPS ... Share buying advice is just advice. It's a form of nostelgia.
I do not own teklom shares.
 
could this not be telkom bolstering its share dominance in light of that vodafone buyout rumour?
sorta makes sense if there's any truth to that rumour
 
shame looks like their gravy ship is sinking
 
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