Telkom spends R2bn on buybacks

mmm i smell a rat.They buying back their shares cause....

Now what and who would benifit of this
 
Tns said:
mmm i smell a rat.They buying back their shares cause....

Now what and who would benifit of this
Click to expand...
the exisiting shareholders.

They are buying the shares back and then cancelling them, thus making the number of shares in the market place less thus increasing the dividend amount payable to existing shareholders.
 
ok good for current shareholders but surely it can't be all good
 
no, it's not...
They probably trying to inflate their share price a bit...
or maybe securing more open market shares for themselves...
hhhmmm
the plot, she thickens... :rolleyes:
 
Financial gymnastics and insider repositioning in light of the new laws I bet.

Remember someone just recently dumped a massive R1,8bn rands worth of shares. Now telkom buy back R2,0bn rands worth and write them off.
I think it has been confirmed that the government did not change its 38% position which leaves the PIC and Elephant Corp as the only other 2 that could trade that volume.
 
No doubt, now if only it can be proven.. It is quite odd that they sell a week before promulgation which was given no specific date and seemed to drag-on. Lets see what happens next.
 
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