Ericsson wrote:https://mobile.twitter.com/tradingroomke/status/1364812872942039040/photo/1
NMG wants to do a share buyback of 10% of its issued shares to boost the share price
I would not agree with this fact that its a good idea to buyback. Stock buyback is a manipulative practice, whereby a company buys its own shares on the open market.
A company can gain investor's confidence by growing earnings like creating better products, adding more services or conducting research and development — essentially, investing in the future. This way, investors will feel better placed to invest in the company. To me, a stock buyback is
simply a way for a company to manipulate its share prices by creating artificial demand for its own stock. .
After the manipulation happens, the stock might crash...