The buyback “reflects that the management believes in the valuation and prospects of the company,” Abiodun Keripe, head of research at Lagos-based Afrinvest West Africa, said by phone. “Other companies can follow suit, especially for some of those that have a high number of liquid shares outstanding and have been unable to command a very decent valuation,” he said.



Source link

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *