Letshego bounces back on share buyback

Wednesday, September 14, 2016

After losing over 30% of its value since the beginning of the year, Letshego share price has begun to recover on the back of improved demand brought in by the company’s share buyback programme.

Last week Letshego bought 13 million of its shares under a share buyback scheme that allows it to buy up to 218 million shares, which is equivalent to five percent of its total issued shares.

This saw the counter gaining three percent in the week reducing its year-to-date losses to -28%.

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