I think it is good as genel saw that the company was selling out far below reasonable price and used some of its ample excess cash to buy the cheap stock. For the record I've bought a first tranch into this stock today. I ha e been closly following it for a very long time. I know it wont go bust unlike another close kurdish oiler that is struggling to raise production rates. I have lower expectations than someI have read on here, but they are more likely to be accomplished.
Genel Energy plc announces that on 14 August 2014 it purchased from J.P. Morgan Securities plc 153,168 ordinary shares at an average price of 805.0975 pence per share. The purchased shares will be held as treasury shares. Following the above purchase, Genel Energy plc holds 308,168 ordinary shares in treasury, and has 279,940,030 ordinary shares in issue (excluding treasury shares), of which 246,401,729 are voting ordinary shares and 33,538,301 are suspended voting ordinary shares.
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