25-03-2011, 03:48 PM
(23-03-2011, 09:06 AM)dydx Wrote:(22-03-2011, 09:35 PM)cif5000 Wrote: Are you positive or negative for this stock at this price?
Hai Leck does have a well-established business, providing a range of essential engineering services to the O&G majors. Its management is also proven.
If the company continues to buy back shares at the current price level, then there would be a 'safety net' for public shareholders. Whether the share price would be re-rated upwards towards its justified fair value, I guess it will depend very much on the company's corporate actions.
Rarely do I see a reversal in your opinion. Cheers for that. Hope to engage in more discussions with you in the future.