3 Companies With Buyback Share Updates – NEW, ALF And AGM

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New Energy Solar (ASX: NEW)

New Energy Solar Limited (ASX: NEW) operates as a renewable energy development company. The Company acquires and develops solar and renewable energy sectors. New Energy Solar also renders in the wind, geothermal, hydro-electricity, and hybrid solutions. New Energy Solar serves customers in Australia and the United States.

On 11 January 2019, the group has updated the market about the progress on several transactions under its ongoing buy-back event. As of now, the group has bought back a total of 21,06,959.0 shares through on-market trade for the total consideration of A$30,06,325.85. Till date, the highest price paid was $1.47 per share paid on 05 November 2018 and the lowest price paid was $1.38 per share paid on 6 December 2018. Thus, post this development there are 7,893,041 number of shares still left to be bought back.  

Meanwhile, the stock price of the company has fallen by 4.17 percent in the past six months as on 10 January 2019. Company’s shares last traded at $1.38, trading flat & it has a market capitalization of circa $478.30 Mn as on 11 January 2019.

Australian Leaders Fund Ltd (ASX: ALF)

Australian Leaders Fund Ltd (ASX: ALF) is an investment company incorporated in Australia. The Fund aims at providing a high rate of return, deliver a secure income stream of fully franked dividends, and preserve capital. The Fund invests up to 50% in liquid assets. At least 70% of the equity portion of the Fund are included in the S&P/ASX 100 Index. The Fund may short sell up to 30% of equity.

On 11 January 2019, the group has updated the market about the progress on several transactions under its ongoing buy-back event. As of now, the group has bought back a total of 7,325,161 shares through on-market trade for the total consideration of A$7,124,281.81. Till date, the highest price paid was $1.010 per share paid on 06 November 2018 and the lowest price paid was $0.955 per share paid on 18 December 2018. Thus, post this development there are 18,937,307 number of shares still left to be bought back.

Meanwhile, the stock price of the company has receded by a 5.85 percent in the past six months as on 10 January 2019. Company’s shares last traded at $0.96, down by 0.518% & it has a market capitalization of circa $253.43 Mn as on 11 January 2019.

Australian Governance and Ethical Index Fund (ASX: AGM)

Australian Governance and Ethical Index Fund (ASX: AGM) is a listed investment trust incorporated in Australia. The Fund will be investing in the S&P/ASX100 listed securities with a focus on those companies that exhibit strong governance frameworks, are committed to overall corporate social responsibility and undertake sustainable operating practices including minimising environmental harm.

On 11 January 2019, the group has updated the market about the progress on several transactions under its ongoing buy-back event. As of now, the group has bought back a total of 216,112 shares through on-market trade for the total consideration of A$360,540.38. Till date, the highest price paid was $1.70 per share paid on 04 December 2018 and the lowest price paid was $1.65 per share paid on 13 December 2018. Thus, post this development there are 5,699,519 number of shares still left to be bought back.

Meanwhile, the stock price of the company has fallen by 5.68 percent in the past three months as on 10 January 2019. ALF’s shares last traded at $1.66 with the market capitalization of circa $40.62 Mn.


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