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Up more than 9% at 9.30am
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I read less loss and improved revenue..
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US500 million share buy back
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I bought HK Land twice. Once at $5 and another time $3.6(?) roughly ... HK land is trading at 60-69% discount to asset value without debt.
The cashflow is roughly 10% of the stock price and they give out half as dividends.
Except for low return on assets there us nothing anyone discovered is wrong with HK land except shock events like govt want to suddenly confiscate its prime assets for free.
Main reason it is low is because there is no catalyst and investors don't have patience.
2 ways to catalyst to stock price up 1. Sell assets and distribute proceeds to shareholders 2. Share buybacks.
2 is very slow also. But for me it's okay.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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