How did it even come about?
Last week the $KTN (-13,9 %) inexplicably collapsed by almost 24% at its peak, and it is still not known why.
However, the management reacted immediately, bought shares itself and examined a share buyback program which was announced today 💪
As I was also very uncertain and the share price had already lost a lot in recent weeks, I briefly considered whether I should buy another 100 shares straight away or wait and see.
I then decided to add in a small tranche. 30 shares went into the portfolio.
I now have 350 shares at €17.38 and a current price gain of just under 18%.
Unfortunately, there was no further purchase as the share price shot up again within minutes.
Here is the announcement:
$KTN (-13,9 %) has today decided on a new share buyback program and intends to buy back up to 2.9 million of its own shares, which corresponds to around 4.54% of the share capital. The maximum total amount for the buyback program I 2026 is EUR 50 million. The program is expected to start on Thursday, 26 March 2026 and will run until 30 September 2026 at the latest.
Do you have the IoT specialist from Austria, which also pays a nice dividend and was/is hardly affected by US tariffs as it also operates plants in the USA, on your radar?
