Some Share Buy Back Activities :-
24 May 2010 - 40,000 shares purchased
- 497,100 shares purchased
25 May 2010 - 89,800 shares purchased
26 May 2010 - 48,500 shares purchased
27 May 2010 - Interim Dividend 4 sen
If you check the history of UNICO share buyback, the share buyback happen on every month since Jan 2009. What happen in this case?
1) Strong Business Performance which create a lot free cash flow. Use the extra free cash flow to buy back its share to increase company performance on earning per share.
2) Possible of Privatization.
UNICO is currently trading at 8% dividend yield.
Expect coming quarterly result to be better due to share buyback activites to increase its earning per share. Investor can take this opportunities to invest into UNICO because the quarterly result going to be OUTPERFORM the expectation.
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