Shares & Derivatives
City Developments repurchased $21.4 million worth of shares in just two months… is it worth a look at right now?
By The Fifth Person  •  December 20, 2018
In my last article, I shared that share buybacks are a great way for companies to (indirectly) return money to shareholders, and boost shareholder value. Share buybacks could also be a signal that the management thinks the company’s shares are undervalued and, therefore, a great opportunity to buy them back while the price is low. Knowing this, investors usually take heed when a company repurchases a large number of shares over a short period of time. As in the case of City Developments Limited (CDL):
Date of Buyback No. of Shares Cost Average Price
Total 2,400,000 $21,445,467.05 $8.94
16 August 2018 300,000 $2,852,198.31 $9.51
17 August 2018 200,000 $1,929,731.93 $9.65
23 August 2018 100,000 $943,442.64 $9.43
24 August 2018 100,000 $929,218.25 $9.29
29 August 2018 100,000 $951,007.41 $9.51
30 August 2018 100,000 $933,153.48 $9.33
31 August ...
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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