In my search for value (stocks), one stock / company has been consistently popping up –
Straco Corp Ltd.
Why Straco caught my attention
1) The stock price has been hovering near the 52 week low (now not exactly near the lowest though).
2) The company management has been repurchasing their company shares in recent times:
a) On 29 Aug 2016, Company has repurchased 119,800 shares at SGD 88,985.13 (read
here
b) On 24 Aug 2016, Company has repurchased 50,000 shares at SGD 38,023.23 (read
here
c) On 19 Aug 2016, Company has repurchased 50,000 shares at SGD 38,824.57 (read
here
d) On 12 Aug 2016, Company has repurchased 50,000 shares at SGD 39,648.2 (read
here
3) Well, in Dec 2015, The Motley Fool has highlighted Straco has the following good attributes (read
here):
a) A strong balance sheet with more cash than debt currently ...
...