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  • jaretwilson jaretwilson Jan 22, 2009 1:16 AM Flag

    Cash per share up from approx 3.09 to 3.28 in the quarter

    If they declared that they were buying back all of the shares, the price would skyrocket until they didn't have enough money to buy them all back. Instead they are doing it the smart way -- announce each quarter that they are buying back more, and continuing to get them at a cheap price. Besides, there's a limit set by the SEC to how much they can buy back per day (20% of the previous week's average volume per day I think) so it doesn't matter how much they declare, that is the max that will be done at once.

    My question is, are these all going to be kept for the employee incentive program as in the past, or will some shares be retired?

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    • ''And regarding to cash usage, we ended the year of 2008 with $266 million in cash, time deposits, restricted cash, marketable securities and trading securities. We will continue to manage our cash prudently. In light of the current market conditions, Actions has sharpened its focus on making smaller investments. We are closely aligned with its core business. We have particular focus on synergies, value creation and technological innovation. As announced earlier, we withdrew the investment in Taiwan based thin film technology company, and we made two new strategical investments in the fourth quarter. In this environment, we have continued to aggressively repurchase shares, and we significantly increased our participation in our buyback program in the second half of 2008. In addition to approving a recent extension of the programs through 2009, the Board of Directors also just approved an add on to our current program which Patricia will discuss in detail....... Earlier in the first quarter of 2009, the Board Of Directors approved an add-on share repurchase program under which the company may repurchase up to 12 million additional ADS''
      Actions Semiconductor Co., Ltd. Q4 2008 Earnings Call Transcript
      Page 2 out of 10|January 21, 2009 | about stocks: ACTS
      ===the Board of Directors also just approved an add on to our current program which Patricia will discuss in detail===
      Now, they are look like to aggressively repurchase shares, and point to significantly increase SHAREHOLDERS'EQUITY. I am confident of the ongoing commitment in the well is pass 1.70+ would be skyrocket until $266 million value.

1.930.00(+0.17%)Jun 24 3:35 PMEDT