When management believes shares are undervalued, the company may choose to invest in itself via a share buyback, thereby seeking to capitalise when market values normalise. A share buyback improves financial metrics such as return on equity, so it can help enhance share price valuations.
So do management believe they are overvalued?
the buyback has had no effect on the share price so why stop now?
Also I have seen buybacks delayed cancelled varied etc But never seen one this slow.
SWM Price at posting:
36.3¢ Sentiment: Hold Disclosure: Held
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