Aspial’s shares have been trading at a tight range of around 8 cents.
Aspial Corp, which has interests in the retail business of jewellery, pawnbroking and property, has been steadily buying back shares for the past month as the company takes advantage of the current market price at half of its NAV (net asset value) of 14.43 cents per share as at Dec 31, 2022.
The most recent buyback on April 3 was for 100,000 shares at 7.9 cents each. This brings the total number of shares bought back under the current mandate to more than 8.63 million, equivalent to 0.399% of the total share base.
