Recently, the Nation Media Group was granted the nod to purchase up to 10 percent of its issued and paid-up share capital (approximately 20 million shares) in an open market share buyback programme.
With a buyback yield - share repurchase value over total market capitalisation of 10 percent - is the decision well-timed or has the media house passed on deeper discounts (speaking speculatively should the price continue to fall)? Let’s wait and see but in today’s article, allow me to write broadly about the subject.
