I was hoping there was a better plan for this $30m. It may help calming down some shareholders but I would have preferred them to be more ambitious and aggressive - through acquisitions for instance.
It looks like "oh yes, we have all this cash. don't know what to do with it so why not giving it back to shareholders. We don't have any other plan or strategy. And then, we will still have some in the bank in case something happens. May not be enough, but we don't have a clue anway".
PGL Price at posting:
58.3¢ Sentiment: Buy Disclosure: Held