Most family major shareholders of Hongkong listing companies are seemed quite satisfied with their present status, so that it seems that they are not care of the fluctuating share prices. But is it wise enough?
Besides running the company's principal business, some big american blue chip listed enterprises(e.g. APPL, BRK) are repeatedly exercise "share buybacks" so as to maximise all shareholders' worth. Their major shareholders now are the richest man in the world.
Maybe nowadays local rich man do not want to be more "rich on paper surface"? ^^
Great observation. I totally agree. That's why Steve Jobs didn't buy back Apple stocks when tons of cash were sitting on its balance sheet. By the way, Jobs asked Warren Buffett how to make good use of the extra cash Apple held and Warren advised him to buy back stocks, which he didn't do.
Most family major shareholders of Hongkong listing companies are seemed quite satisfied with their present status, so that it seems that they are not care of the fluctuating share prices. But is it wise enough?
回覆刪除Besides running the company's principal business, some big american blue chip listed enterprises(e.g. APPL, BRK) are repeatedly exercise "share buybacks" so as to maximise all shareholders' worth. Their major shareholders now are the richest man in the world.
Maybe nowadays local rich man do not want to be more "rich on paper surface"? ^^
Remember that😢 there is a difference between control and ownership
刪除Billy Sir,
刪除I understand your views.^^
I just think that "share buybacks" is an effective way to maximise "all shareholders wealth" for those "much undervalued" stocks.
Of course, I just speak out and nothing we can do!^^
P.S. Maybe that's a reason to explain why local listed stocks are so weak, i.e. without competitive strength, in recent years.
刪除字字珠璣，管理層品格與公司發展性的重要性相同。
回覆刪除管理層品格更是重中之重.
刪除此留言已被作者移除。
回覆刪除Great observation. I totally agree. That's why Steve Jobs didn't buy back Apple stocks when tons of cash were sitting on its balance sheet. By the way, Jobs asked Warren Buffett how to make good use of the extra cash Apple held and Warren advised him to buy back stocks, which he didn't do.
回覆刪除