OUE’s buyback plan may not permanently lift investor appetite for its depressed shares

INVESTORS reacted positively this past week to OUE’s announcement of an off-market, equal-access buyback of up to 10 per cent of its outstanding shares.

The corporate exercise may not result in a lasting re-rating of the real estate and healthcare group’s depressed share price, though.

Over the longer term, the smaller number of shares in issue may just reduce their trading liquidity and shrink the company’s investor following.