We've got news for you.

Register on Sunday Times at no cost to receive newsletters, read exclusive articles & more.
Register now

BULL’S EYE: Share buybacks sound cool, but can burn you


BULL’S EYE: Share buybacks sound cool, but can burn you

Traditional wisdom is that when a company buys back its own shares, the price goes up ... well, not always

Jeremy Thomas

I have been a contented client of PSG (https://www.sharenet.co.za/v3/quickshare.php?scode=PSG) since appointing its Konsult division to manage my retirement assets a few years ago. Indeed, after a chance meeting with the grandee of the firm, Jannie Mouton, at a Sunday Times dinner, I have been a fan of most things PSG does. 

I admire its wealth management side for not just staying afloat in this dreary economy but actually growing – despite paying me my monthly tip. But I also like the kind of mini-Naspers (https://www.sharenet.co.za/v3/quickshare.php?scode=NPN) the group has become, beyond its seismic investment in Capitec (https://www.sharenet.co.za/v3/quickshare.php?scode=CPI). 

Keep an eye out for stories by Marc Hasenfuss, who roams the golden boulevards of Bellville to cover PSG offshoots such as Zeder (https://www.sharenet.co.za/v3/quickshare.php?scode=ZED) and Curro (https://www.sharenet.co.za/v3/quickshare.php?scode=COH), plus more fabulous stuff that happens under the radar in its seed-capital hothouse, PSG Alpha...

This article is free to read if you register or sign in.

Sunday Times Daily

If you have already registered or subscribed, please sign in to continue.

Questions or problems?
Email helpdesk@timeslive.co.za or call 0860 52 52 00.