Cresud Completes Share Repurchase Program, Acquires 18,000 Shares
Ticker: CRESY · Form: 6-K · Filed: Jan 18, 2024 · CIK: 1034957
| Field | Detail |
|---|---|
| Company | Cresud INC (CRESY) |
| Form Type | 6-K |
| Filed Date | Jan 18, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: share-repurchase, corporate-action, capital-allocation
TL;DR
**Cresud just finished its share buyback, acquiring 18,000 shares for ARS 19.99M.**
AI Summary
Cresud Inc. (NASDAQ: CRESY) announced on January 18, 2024, that it completed its share repurchase program. The company acquired 18,000 common shares of CRES on January 17, 2024, at a price of ARS 1,110.9779 per share, totaling ARS 19,997,603.00. This matters to investors because share repurchases can reduce the number of outstanding shares, potentially increasing earnings per share and signaling management's confidence in the company's valuation.
Why It Matters
The completion of the share repurchase program means Cresud has reduced its outstanding shares, which can boost per-share metrics and potentially support the stock price.
Risk Assessment
Risk Level: low — This filing reports the completion of a share repurchase program, which is generally a positive or neutral event for shareholders.
Analyst Insight
An investor should note the completion of the buyback, as it removes a potential source of demand for shares from the market, but also indicates management's belief in the company's value. Monitor future financial reports for the impact on EPS.
Key Numbers
- 18,000 — Shares Repurchased (The number of common shares Cresud acquired on January 17, 2024.)
- ARS 1,110.9779 — Price Per Share (The price Cresud paid for each common share during the repurchase.)
- ARS 19,997,603.00 — Total Repurchase Amount (The total cost of the share repurchase program completed by Cresud.)
Key Players & Entities
- Cresud Inc. (company) — the registrant and company that completed the share repurchase
- ARS 1,110.9779 (dollar_amount) — price per common share acquired by Cresud
- 18,000 (dollar_amount) — quantity of common shares repurchased by Cresud
- ARS 19,997,603.00 (dollar_amount) — total amount spent by Cresud on the share repurchase
- January 17, 2024 (date) — trade date of the share repurchase
- January 18, 2024 (date) — date of the 6-K filing and announcement of program completion
Forward-Looking Statements
- The reduction in outstanding shares will lead to a slight increase in Cresud's earnings per share (EPS) for the next reporting period. (Cresud Inc.) — medium confidence, target: Q1 2024 Earnings Report
- Cresud's stock price (CRESY) will experience minor positive sentiment due to the completed share repurchase, signaling financial health. (CRESY) — low confidence, target: February 2024
FAQ
What was the specific trade date for the shares repurchased by Cresud?
The specific trade date for the shares repurchased by Cresud was January 17, 2024, as stated in the filing's chart.
How many common shares did Cresud acquire in this reported transaction?
Cresud acquired 18,000 common shares, as detailed in the 'Quantity' column of the provided chart.
What was the total amount Cresud spent on this share repurchase program?
Cresud spent a total amount of ARS 19,997,603.00 on this share repurchase program, according to the 'Total Amount' column in the filing.
When did Cresud announce the completion of its repurchase program?
Cresud announced the completion of its repurchase program on January 18, 2024, which is the date of the 6-K filing.
What was the price per share at which Cresud repurchased its common shares?
Cresud repurchased its common shares at a price of ARS 1,110.9779 per share, as indicated in the 'Price' column of the chart.
Filing Stats: 357 words · 1 min read · ~1 pages · Grade level 13.9 · Accepted 2024-01-18 09:28:42
Filing Documents
- form6k.htm (6-K) — 33KB
- 0001654954-24-000712.txt ( ) — 34KB
SIGNATURES
SIGNATURES     Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Buenos Aires, Argentina.      Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria        By:  /S/ Saúl Zang        Saúl Zang        Responsible for the Relationship with the Markets   January 18, 2024