THE S$100 million share buyback programme announced by Seatrium on Apr 29 was interpreted positively by many investors – and for good reason.
When companies choose to return capital in this manner, it is usually an indication that they are in good financial shape and are positive about their future.
There is also a shareholder value dimension to share buybacks: investors who hold on to their shares end up with a proportionately larger stake in the company.
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