Warren Buffett is a huge advocate of businesses buying back their shares if done for the right reasons. With that, let’s check out three companies picked at random that have repurchased their shares thus far during the week, as of market open today.
Best World International Limited (SGX: CGN)
Best World is a direct-selling company that is involved in the development, manufacturing and distribution of top-end skincare, personal care, nutritional and wellness products. Its products include DR’s Secret range of skin care products and Avance health supplements.
On 9 and 11 April 2019, the company bought back a total of 215,000 shares at a price range of between S$1.92 and S$2.01 per share. The total cost came up to slightly above S$425,400.
Shares in Best World have been on a volatile ride since February 2019 after a Business Times article questioned the legitimacy of Best World’s business and sales figures in China. To know more about the episode, you can check out our coverage here.
Best World shares closed at S$1.94 on Thursday. At that price, it was selling at a price-to-earnings (PE) ratio of 15 and a dividend yield of 2.8%.
Stamford Land Corporation Ltd (SGX: H07)
Stamford Land is Australasia’s largest independent owner and operator of luxury hotels. It has a portfolio of prime hotels and investment properties in Australia and New Zealand.
On 8, 9 and 11 April, the property outfit bought back 752,600 shares at S$0.495 apiece, spending around S$373,100 in all.
Shares in Stamford Land closed at S$0.495 apiece on Thursday. This translates to a price-to-book (PB) ratio of 0.8 and a dividend yield of 2%.
HC Surgical Specialists Ltd (SGX: 1B1)
HC Surgical is a healthcare services group mainly engaged in the provision of endoscopic procedures and general surgery services in Singapore.
On 10 and 11 April, the company repurchased 190,000 shares ranging at S$0.59 each, translating to a total cost of around S$112,360.
HC Surgical shares ended Thursday at S$0.595 per share. At that price, the company was selling at a PE ratio of 20 and a dividend yield of 3.4%.
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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Sudhan P does not own shares in any companies mentioned.