The most recent buying was earlier on Dec 8, with 33,000 shares bought back at prices ranging between US$54.01 and US$54.5.
Jardine Matheson’s net asset value per share as at June 30 was US$94.17.
The effect of share buy backs is to reduce the number of shares and help support earnings per share.
“The group remains committed to return gearing nearer to historic levels over the medium term,” states Jardine Matheson.
See also: China Yuchai approves US$40 mil share buyback plan
Besides Jardine Matheson, its separately listed property subsidiary Hong Kong Land has an on-going share buy back programme too. On Sept 6, the company announced plans to buy back up to US$500 million worth of shares by end of the year.
The most recent buying was also on Dec 8, with 448,000 shares bought at between US$5.51 and US$5.61. Hongkong Land’s net asset value per share, as at June 30, was US$14.75.
Jardine Matheson closed Dec 8 at US$54.14, down 0.88% for the day and down 3.32% year to date.
See also: UBS pledges US$2 billion of share buybacks over next two years
Hongkong Land closed at US$5.51, down 0.9% for the day but up 34.06% year to date.
Photo: Red John / Unsplash
