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LUCKY LEAF : Did you attend the Shareholder meeting? What is the opinion?
ScorpioRebelliousTV OP LUCKY LEAF : Never goes, always listens to their president bragging about how good the company's prospects are, the stock price is not rising and is falling into a mess, the president of Olam Group claims he will bring the true value to Olam Group's stock price, making the company's stock price soar dazzlingly.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
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I am furious with him. The increase is dazzling and I didn't see it, but the stock price has indeed fallen to the point where it's overwhelming.
LUCKY LEAF ScorpioRebelliousTV OP : I just went there, my English is not very good and I didn't quite understand what was being said. Some Shareholders were very excited when they asked their questions. One Shareholder asked why the company is still buying back its Stocks, and their reply was that the company does not have a Cash / Money Market problem; they said it is a good time to repurchase Stocks. I saw in the Shareholder list that some Institutions are still increasing their Shareholding. I don't understand, if things are really bad, why continue to repurchase and increase Shareholding.
ScorpioRebelliousTV OP LUCKY LEAF : The company's repurchase of its own Stocks is not entirely a good thing because the company is using its own money, rather than that of its owners, to buy back Stocks. When the company uses Cash to repurchase its own Stocks, the dividends distributed to shareholders decrease.
In summary, if the company's stock price does not increase significantly, the president's grand claims are baseless. If it's truly effective, let him push the company's stock price to a peak and then boast about how impressive he is.
LUCKY LEAF ScorpioRebelliousTV OP : Makes sense