Ant to Buy Back Shares at 70% Lower Valuation Than at IPO

Bloomberg2023-07-08

Jack Ma-backed Ant Group Co. is proposing to buy back as much as 7.6% of shares in an effort to retain talent and provide a chance to cut stakes for investors ensnared by a years-long regulatory ...

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Comments

  • GohTo
    2023-07-08
    GohTo
    Alibaba and its affiliates are in for the long game. All their actions are geared towards development and growth of the company. The mgmt isn't concerned with the macro situation because they are very focused on their objectives and this shows how determined they want to move the company forward past the current speed bump. 
    • GohTo
      I think both TA and Macros (Fundamentals) are inportant to analyze a company or country stock. The wayi like to think of it is like driving … TA/ Trend lines provide looking out for what hazards are in front of you, eg. Traffic, pedestrian. Macros (Fundamentals) provide the GPS knowing where to go and how to reach there. Both are important with different weightings dependent on whether short or long game is played.
    • Ella Hill

      In analysing resistance, we note an important area.

      The resistance area ranges from 18.36 to 18.36. This area is made up of a combination of multiple trend lines over multiple time frames.


    • ksjd o4

      BABA has a poor technical rating and does not currently offer a high quality set-up. The price has continued to rise recently. For a good entry point, it is best to wait for consolidation.

    • tgll
      👍
    • Hosay_hosay
      [Miser][Miser][Miser]
  • Cedric77
    2023-07-08
    Cedric77
    Ant Group is proposing to buy back shares is a positive development for the company and its investors. It shows that the company is confident in its future prospects and is committed to retaining its talent. The buyback is also likely to be well-received by investors and could help to boost the company's share price. As long as the Chinese government does not re-impose strict regulations on Alibaba (BABA) or Ant Group in the future it should be up hill climb for the stock price.
  • hellodarz888
    2023-07-08
    hellodarz888
    Good news
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