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Very weird .. even with share buy back share since 1.95...share price keep failing.. they already spent 108million share buy back for 1 year... i wonder who is saying insider selling? ... was it attempt to lower the price...? Haha... people seem to throw the shares when company ssb and giving out more dividend.. mayb investor worry about reserve update in next Q.. haha
Dividend won't be consistently lucrative if Brent oil average is below 70 dollars, as mentioned by the CEO in his latest announcement last week. But I will average down if hit below 1.30 and keep it for next bull run hopefully after Trump's tenure end.
I rewatch the briefing... the management say the use twist the cash for dividend for perform share buy back... it seem they know they are under attack... some entitle is shorting their shares. (Dawn Raid style?).. you can watch it here ... https://youtu.be/CeJeK5zPAdE?t=3231 hmmm...Abang J.... are you interested? To own hibiscs for Sarawak? You need only 51% shares ... maybe you can get it in 29min.