Share price is currently downtrend closing at 17.36 on 3rd August 2018.
Divergence between MACD (up) and price (down) appears, as shown on the chart above.
There could be a reversal of trend soon. So watch out.
Batu Kawan issued 435,951,000 shares and so far has bought back its own shares amounting to 35,274,531 shares ( about 8.09% of issued shares) to be kept as treasury shares.
What are they (directors) going to do with these treasury shares? They can be sold back to the open market, cancelled them (thus reducing the shares issued) or they can distribute to existing share holders as dividend in specie.
