Feeds

Compel in mini share buy-back

Way to go

  • alert
  • submit to reddit

Compel, the UK reseller, conducted a mini buyback of shares yesterday. The company bought 260,000 shares at 95 pence per share. It will cancel these.

This is one way to improve earnings per share, perhaps veven to shore up the share price (although it would be more impressive if individual directors bought the stock). It also gives management ever so slightly more control than before the transaction. But surely the company has better things to spend its money.

Once the UK's third biggest reseller, Compel is now a mini-Morse, concentrating on the midrange and corporate rental market, following the sale of its desktop division earlier this year to SCC. ®

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.