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It has fallen from 4.63 to the present 3.3+ which constituted a fall of RM 1.3+ which is about a 1/3 of its price ! This is way beyond the normal adjustment but a failure on the side of the mgt to stop the slide to the present level . No buying in for such a lib time when the slide started ?
Share buyback has its pros and cons. Wouldnt be a good thing if company sacrifice future growth for share buyback. Company has a consistent track record of rewarding shareholder via paying dividends, which is likely this coming qtr.
If u are confident in scientx, then it is a good news company dont share buyback as you shud be happy your favourite company is on a discount. If u think the contrary, share buyback is a way for u to sell when it is back to your average purchase price.
Stock market might be too optimistic last time and drove scientx price to RM4.50+. But why is it scientx’s responsibility to defend the price when the optimism fades and the price drops?
