Synopsis: Listen to Senior Correspondent Ben Paul's analysis and insight on market trends and corporate issues in Singapore in this podcast series based on his weekly column in The Business Times.
Share buybacks are a means of returning cash to investors. But they discriminate between existing shareholders and continuing shareholders. Ben Paul explains why investors should carefully consider if these exercises are in their best interest, and press corporate boards to raise their game.
Highlights:
02:10 A signal business is thriving, and stock prices are too low
05:37 Why companies often pursue buybacks at the wrong time
07:53 Companies repurchase their shares too opportunistically
10:46 Warren Buffett’s approach to buybacks should be emulated
13:39 Investors can vote against share purchase mandates at AGMs
Produced by: Ben Paul (benpaul@sph.com.sg), Howie Lim and Claressa Monteiro
Edited by: Howie Lim
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