Jingcai horizon: 5 minutes to understand the truth of listed company stock repurchases

Recently, many companies have launched a stock company repurchase program, and there are many investors who have confused it with a stock-pledged repo.

In fact, the repurchase of stocks is a common practice in US stocks, and it is also a standard for good students, which is similar to the effect of dividends. sometimesConvertible bondsAfter turning into stocks, the number of shares has increased, the value of each share has been diluted, and the company will buy back shares to buy back the diluted portion. In the US stock market, the opposite is the stockAdditionIt is almost an absolute bad news, unless the additional money is used to purchase a particularly good asset, otherwise the stock price will definitely drop sharply.

Then in the A-share market, what are the objectives of the listed companies to launch stock repurchases? Is it good or bad? How to participate? Watch the video.