Temporary insanity of overbearish market now corrected with stock reaching 14.1 cents
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[Mizzart99 29-11-2011]:
I have a question. Looking at qingmei stock today, I noticed that its stock is currently at 0.116. Its scrip dividend new shares are priced at 0.135. Hence is it possible/legal for qingmei to use its sharebuyback to buy shares at lower price right now and then re issue it out at 0.135 if there are ppl subscribing to its scrip dividend scheme (like its chairman)?
Mizzart99, with Qingmet touching 16+ cents recently, what do you say? It does look to me that the market was irrational when pricing Qingmei at 11.6. And the Qingmei management was clueless about seizing opportunities to create value for shareholders.
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[Mizzart99 29-11-2011]:
I have a question. Looking at qingmei stock today, I noticed that its stock is currently at 0.116. Its scrip dividend new shares are priced at 0.135. Hence is it possible/legal for qingmei to use its sharebuyback to buy shares at lower price right now and then re issue it out at 0.135 if there are ppl subscribing to its scrip dividend scheme (like its chairman)?
NEW YORK (MarketWatch) â U.S. stocks surged Friday, with the Dow extending its longest weekly winning streak of 2012, after July jobs data beat expectations and investors found reason for cheer on Europe.
Tallying its fourth weekly rise, the Dow Jones Industrial Average
DJIA +1.69%
rose 217.29 points, or 1.7%, to 13,096.17, up 0.2% from last Fridayâs close.
The nonfarm payrolls report âput traders in a good mood, after four days of being in a bad mood,â said Ron Florance, managing director of investment strategy for Wells Fargo Private Bank, of the marketâs best session in more than a month.
âOur markets are nicely in the green today, and we have to give some of the credit to Europe,â said John De Clue, a regional investment director at U.S. Bank, citing behind-the-scene efforts by European leaders to put a concrete plan together.