MIX TELEM­AT­ICS BUY­BACK MAKES SENSE

Finweek English Edition - - SIMON SAYS -

Ever s i nce l i s t i ng i t s Amer­i­can De­posi­tary Re­ceipts (ADRs) in 2013 at around R6, the Mix Telem­at­ics share price has been slid­ing. The com­pany has now an­nounced a share buy­back pro­gramme of al­most 5% of the is­sued shares. I am typ­i­cally not a fan of share buy­backs, but if a com­pany is go­ing to do one, then at least do it when the share price is at mul­ti­year lows as is the case with Mix Telem­at­ics.

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