Aggressive Company Shares Buy Back & MD adding stakes may boost Digistar

Written by Editor

Digistar Corporatio Berhad (DIGISTA) has been one of the best performers in Bursa Malaysia this year in terms of share price appreciation, gaining close to 300% from this year low of 12.5 sen.  Despite the share price rising a few times this year, the company has become aggressive in shares buy back recently.  In the last two weeks alone, the company has bought back close to 5 million of its own shares at prices ranging from 43.5 sen and 45.5 sen.  The company‚Äôs Managing Director Datuk Lee Wah Chong also disclosed today (30th May 2011) that he had added some 427,300 DIGISTA shares at 45.7 sen last Friday, raising his stakes to 55.6 million shares.

 

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