I tend to agree with this article, would prefer dividends to share buybacks as it is more 'egalitarian'. Especially since a lot of SGX companies has management that is also controlling shareholder.
http://blogs.economictimes.indiatimes.co...re-buyback
Another nice perspective on the topic:
'How should shareholders view share buybacks?
We would suggest that management and investors should view share repurchases the same
way that they would view purchases of shares in another company.'
http://www.terrysmithblog.com/straight-t...r-foe.html
http://blogs.economictimes.indiatimes.co...re-buyback
Another nice perspective on the topic:
'How should shareholders view share buybacks?
We would suggest that management and investors should view share repurchases the same
way that they would view purchases of shares in another company.'
http://www.terrysmithblog.com/straight-t...r-foe.html