Xiaomi has repurchased its own shares to boost its share price

Jan 21, 2019

Xiaomi announced Monday that it bought 9.85 million shares on Friday for around HK$100 million ($12.7 million). Its first stock buyback on Thursday when it bought 6.14 million shares worth HK$55.94 million.

share price xiaomi

Shares of Xiaomi, the world’s fourth largest smartphone seller, jumped to as high as HK$10.48 ($1.34) in morning trade in Hong Kong, versus its previous close of HK$10.16 on Friday. The stock ultimately gave back about half of the gains to end the trading day up 1.4% at HK$10.30. (source caixinglobal.com)

A few days ago we presented a chart of Xiaomi stock price developments: It has lost 40 percent of its value since its IPO last year.

Then I told you that at such a level nothing is accidental. The Xiaomi Group has confirmed its maturity and willingness to offer high-performance products at affordable prices. Some trust them. Others do not. Before the real potential to be launched, I tend to think it is desirable to eliminate financial speculators in order to increase the profit of people who trust them.

I recommend you compare the proportion of Xiaomi share price and Xiaomi product postings posted last week. Dominate articles about products. Most articles are about technological evolution. There are very few financial developments.

In order to anticipate the next step of Xiaomi, information about technological developments and financial developments is needed.

By Tudor
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Website: Tudor