Friday, January 7, 2022

HongKongLand: Invested more than USD100k into this stock (Part 7)


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?

40% already

Note: You can refer back to my old post for share buyback before 29 Nov.

HKL hit 52w high USD5.80 on 19 Nov and despite using more than 10+% of the share buyback budget since 19 Nov till now, it still cant create another new 52w high.

There is 249 working days in total in 2022 to utilize the remaining 60% (USD300M).

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