Thursday, April 24, 2008

Berjaya Sports Toto Continued Its Share Buyback

Subsequent to the dividend declaration, Berjaya Sports Toto continued to manage its capital via the share buyback programme. During the period from 7 to 12 March 2008, the company paid RM10 million to purchase a total of 2,030,072 shares at price ranging from RM4.82 to RM5.10.

The price paid was above our cost of RM4.77 (after dividend).

We continue to like the stock for its dividend payout and the continuous share buyback programme, which is a way to return excess capital to its shareholders.

No comments:

Looking For Something?