KTFA
Samson » September 22nd, 2019
The stock market manager suggests companies buy back their shares
22nd September, 2019
In order to strengthen the tasks of the stock market and enhance the confidence of investors, the Executive Director of the Iraqi Stock Exchange Taha Ahmed Abdul Salam, to start joint stock companies to buy a proportion of their shares to promote the reality of those shares in daily trading.
Abdul Salam said that "companies in the Arab and international financial markets resort from time to time to study their possibilities and investment plans and measure the value of their real shares to the value of market shares in the stock market, and in this light take decisions to buy back a percentage of its shares to achieve a number of objectives”.
He pointed out that “the objectives of companies to buy a proportion of their shares put on the stock market is to seek to enhance the earnings per share (dividend dividend distributed to shareholders), because of the absence of growth opportunities and investment in the company and the lack of opportunities to exploit the accumulated surplus, as well as when the company finds The market value of a stock is less than its real value.”
He stressed that “during the period 2010 - 2016 US companies resorted to buy back a proportion of their shares from the stock market amounted to (3) trillion dollars,” adding that “in the first quarter of 2017 the value of shares that were bought back from the financial markets (133 To increase earnings per share, enhance market value and capitalize on its accumulated surplus.”
Regarding the need to approve the share buyback proposal and the reasons for this, Abdul Salam said: "From reading the data of joint stock companies and trading indicators during the period 2015-2019 shows the importance of the proposal that companies buy back a percentage of their shares, which can be summarized by the decline in the prices of shares traded for joint stock companies. At a mixed rate of more than 50 percent during the period, due to the absence of growth opportunities and investment, and the decline in earnings per share due to the rise of capital for a significant number of companies and the inability to make profits in other companies.
“This proposal is one of the mechanisms of the international and Arab stock markets in order to enhance the value of the stock,” he said. “It is done under the most important conditions and controls, including the Companies Law and the Financial Markets Law.
The general assembly of the joint stock company shall approve the repurchase when discussing the final statements and accounts of the company, as well as specifying the period of retention of the shares purchased by the company and often does not exceed six months, and the shares purchased should not exceed 10% of the company's share capital. KE with the objective of that statement, with the importance of the note that shares the company to repurchase do not have the right to vote in the General Assembly meeting and do not have the right to receive profits until resale in the stock market after achieving the goal of buying them." LINK
Doodlebug » September 22nd, 2019
IMOO, there are a few reasons why a company would buy back their own stock or in this case, "encourage" this purchase: 1) Help consolidate Ownership, 2) If there is pessimism in the market, it helps to promote/increase equity value, and 3) It can make companies look healthy thus attracting more investors.
JJimmyjj » September 22nd, 2019
Companies also have stock buybacks when they expect the value of their company to rise-- allowing them to resell the stock later at a profit. Thus, IMO, this could be a signal to the entire country and the entire Iraqi financial system that the strength of the economy may be improving dramatically soon.
Don961 » September 22nd, 2019
President Saleh meets with US Secretary of State in New York and holds a tripartite summit
Politics 2019/09/22 19:10 554 Editor: bh
Baghdad Today _ Baghdad
President Barham Salih met with US Secretary of State Mike Pompeo on Sunday on the sidelines of the UN General Assembly in New York.
Saleh's press office said in a statement that the latter "began his meetings on the sidelines of the meetings of the United Nations General Assembly in New York with a meeting with US Secretary of State (Mike Pompeo)."
The President of the Republic, according to the statement, held a tripartite summit Iraqi, Jordanian, Egyptian, between him and the Jordanian King Abdullah II, and Egyptian President Abdel Fattah Sisi.
It is scheduled to witness the city of New York, on August 24, the launch of the 74th session of the United Nations General Assembly, with the participation of President Barham Saleh, who arrived in the United States, yesterday afternoon. link
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
Samson » September 22nd, 2019
The stock market manager suggests companies buy back their shares
22nd September, 2019
In order to strengthen the tasks of the stock market and enhance the confidence of investors, the Executive Director of the Iraqi Stock Exchange Taha Ahmed Abdul Salam, to start joint stock companies to buy a proportion of their shares to promote the reality of those shares in daily trading.
Abdul Salam said that "companies in the Arab and international financial markets resort from time to time to study their possibilities and investment plans and measure the value of their real shares to the value of market shares in the stock market, and in this light take decisions to buy back a percentage of its shares to achieve a number of objectives”.
He pointed out that “the objectives of companies to buy a proportion of their shares put on the stock market is to seek to enhance the earnings per share (dividend dividend distributed to shareholders), because of the absence of growth opportunities and investment in the company and the lack of opportunities to exploit the accumulated surplus, as well as when the company finds The market value of a stock is less than its real value.”
He stressed that “during the period 2010 - 2016 US companies resorted to buy back a proportion of their shares from the stock market amounted to (3) trillion dollars,” adding that “in the first quarter of 2017 the value of shares that were bought back from the financial markets (133 To increase earnings per share, enhance market value and capitalize on its accumulated surplus.”
Regarding the need to approve the share buyback proposal and the reasons for this, Abdul Salam said: "From reading the data of joint stock companies and trading indicators during the period 2015-2019 shows the importance of the proposal that companies buy back a percentage of their shares, which can be summarized by the decline in the prices of shares traded for joint stock companies. At a mixed rate of more than 50 percent during the period, due to the absence of growth opportunities and investment, and the decline in earnings per share due to the rise of capital for a significant number of companies and the inability to make profits in other companies.
“This proposal is one of the mechanisms of the international and Arab stock markets in order to enhance the value of the stock,” he said. “It is done under the most important conditions and controls, including the Companies Law and the Financial Markets Law.
The general assembly of the joint stock company shall approve the repurchase when discussing the final statements and accounts of the company, as well as specifying the period of retention of the shares purchased by the company and often does not exceed six months, and the shares purchased should not exceed 10% of the company's share capital. KE with the objective of that statement, with the importance of the note that shares the company to repurchase do not have the right to vote in the General Assembly meeting and do not have the right to receive profits until resale in the stock market after achieving the goal of buying them." LINK
Doodlebug » September 22nd, 2019
IMOO, there are a few reasons why a company would buy back their own stock or in this case, "encourage" this purchase: 1) Help consolidate Ownership, 2) If there is pessimism in the market, it helps to promote/increase equity value, and 3) It can make companies look healthy thus attracting more investors.
JJimmyjj » September 22nd, 2019
Companies also have stock buybacks when they expect the value of their company to rise-- allowing them to resell the stock later at a profit. Thus, IMO, this could be a signal to the entire country and the entire Iraqi financial system that the strength of the economy may be improving dramatically soon.
Don961 » September 22nd, 2019
President Saleh meets with US Secretary of State in New York and holds a tripartite summit
Politics 2019/09/22 19:10 554 Editor: bh
Baghdad Today _ Baghdad
President Barham Salih met with US Secretary of State Mike Pompeo on Sunday on the sidelines of the UN General Assembly in New York.
Saleh's press office said in a statement that the latter "began his meetings on the sidelines of the meetings of the United Nations General Assembly in New York with a meeting with US Secretary of State (Mike Pompeo)."
The President of the Republic, according to the statement, held a tripartite summit Iraqi, Jordanian, Egyptian, between him and the Jordanian King Abdullah II, and Egyptian President Abdel Fattah Sisi.
It is scheduled to witness the city of New York, on August 24, the launch of the 74th session of the United Nations General Assembly, with the participation of President Barham Saleh, who arrived in the United States, yesterday afternoon. link
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
0 Comments: