Share buybacks: Green Packet

I just had a look at Green Packet price.

It was just less than four months ago when I mentioned that this was a stock which was so aggressive with its share buybacks. See previous posting: Update on Green Packet's Share Buybacks

And it appeared that Green Packet had stopped buying back its shares. The following screen shot showed the last announcement it made to Bursa.

Price now is 1.52.

Makes you wonder, why the company was so aggressive buying back its shares earlier?

And yes, here is one stock for your scrap book....

now how would you want to label it?

'Example of why share buybacks fails....

'Don't assume too much from share buybacks....