Friday, November 5, 2021

HongKongLand: Invested more than USD100k into this stock (Part 4)


Recap on background

HKL announced share buyback programme on 06 Sep 2021 (Link).

HKL planned to invest up to USD500M till 31 Dec 2022 and shares purchased under in this programme will be cancelled.

HKL share price was USD4.20 on 06 Sep before the announcement was made.

How many % of the USD500M used to date?

Just 20% only

The above chart is how I think the share price will react to the USD500M at each 10% stage.

80% budget still available and HKL should not have any issue reaching USD7 and above.

Related post: 

1) HongKongLand: Invested more than USD100k into this stock (Part 3)

No comments:

Post a Comment