Reading the discussion about the Company’s share buy-back on the Bankier forum it feels a little bit like in a Czech film. Share buy-backs tend to be viewed positively by markets as they can be interpreted as management’s view of the relation between share price and value. Share buy-backs introduce additional demand for the shares in the market.
What is more surprising is the often-repeated view that the Company and its management are somehow interested in and manage to push the share price down to buy back shares cheaper. The reality is that the share buy-back has been initiated for clearly communicated reasons and its execution has been outsourced to a broker, which executes trades without management’s involvement. The design and execution have been designed in line with all applicable regulations. The Company is under the supervision of the Dutch regulator AFM and all trades of the Company and its insiders are reportable. Equally importantly, however, the motive and means are missing.
The two board members are significant shareholders and thus unlikely to be interested in a low share price. As board members the mandate is to increase the Company’s value, which should be reflected in the share price over time. How would the Company’s management engineer a lower share price, being a strictly supervised entity on a regulated market, and to what end?
We focus on value creation and both our progress in the Romanian market as well as the success in the Polish capacity auction for 2024 (both reported earlier this week) are major milestones in that effort, and in my humble view, would be deserving of more attention in the forum.
In short, value is what management can influence, not the share price.
a to bardzo ciekawe, że w Czechach też się mówi "czeski film" ;) a od polskich inwestorów to nie ma co za dużo wymagać, trzeba luzować łydę i tyle pozdro!
The clarification from Georg seems not to be explicit enough for some shareholders, they appear to have their fixed attitude: the company shall be buying their stocks " from the right side" meaning increasing its price, not " on the left side" waiting for other to get rid of stocks. Furthermore, shareholders fail to remember that there are strict rules company needs to follow while buy back, the same goes for the entity responsible for buy back...
Do we really tend to believe that for people who have created and owned the company the goal is to decrease the value of company and its stocks?
Btw, Lerta and Romanian financing is not viewed as a significant turning point in here as well
Last but not least:
Technically: each week company reports the change in numbers of shares held by the company and main shareholders= so if they were to influence the price it would be easily visible in their reports, so how rhe heck it is possible that you believe in this crazy theory?!
teraz jest czas aby pakować te akcje póki tanio dają , powinniście dziękować na kolanach za promocję koledzy tutaj się kompromitują tak samo jak nasi piłkarze w meczu z pepikami
Thanks Gorge that you have been with us on the forum. You do things that you really does not have to do. I appreciate this likewise other shareholders I hope. The point is we are here frankly speaking to get rich. From that point of view you should not be suprised that investors started to loose their temper and have become unpatient. Course is going down, the interest and sentiment is poor on company. Thus instead of making people loose their money. No wonder they are tempted to make up different theories. I am long therm investor but to be honest I am also fed up a bit with current situation. Do not take it personal I do not blame you or the board. Just try to walk in our shoes. Cheers and keep up with great work. I am serious. Sooner or later will be good. Piece of advice:
Shattered the previous message: . Piece of advice: “You will never reach your destination if you stop and throw stones at every dog that barks.” ― Winston S. Churchill
dla mnie kurs jest bardzo dobry, w ciągu roku z 7 na 12,5 . Bardziej niepokoi mnie sprawa niedotrzymywania terminów. Farmy w Rumunii 32 MWp miały być uruchomione do końca 2022r a tymczasem kończy nam się marzec i mamy tylko 5,7 MWp. Czy w związku z tym cała strategia na lata 2023-2024 nie jest zbyt optymistyczna ?
Niby skup i jest super, jakiś Georg pięknie pisze po angielsku że wszystko wspaniale, a ostatnio spadło z 25% i dalej spada!! No i końca spadków nie widać!! Mydlenie oczu i tyle!! A powoli ktoś wywala!!
Georg napisz znów jakaś historyjkę!! Może ktoś uwierzy i kupi parę sztuk! Bo jak na razie ta padlina tylko spada!!! Wielki skup w którym zamiast kupować to sprzedają!! Masakra jakaś!
Czy w serio wierzycie że ktoś z zarządu Photona pisze na bankierze?? Ktoś podpisuje się Georg i pisze jakieś brednie a wy wierzycie że będzie wspaniałe??? Ta spółka to padlina i nadmuchany marzeniami balon!!