Ann: Daily share buy-back notice - Appendix 3E , page-9

re: Ann: Daily share buy-back notice - Append... Guys, I've got mixed thoughts about this. The continued buy back says "we ain't got any ideas of how to grow this business in this market nor do we know how to best invest the cash"...it's like quantitative easing...where will it lead us to. Maybe it's a value trap. I mean, keep reducing and reducing and we ultimately end up with a rump of external holders and Tim and Deborah. Where to then and how do we sell and who will buy?

So, at the conclusion of buy back 2 we will have shrunk our capital base from approx 136m shares to around 114m...what then?

Sure, we make a good eps on paper but if the divvy is not attractive how do we get our jollies.

I'm fast coming to the conclusion that the DA side of the business, whilst very profitable, isn't highly sought by the market nor would it be easy to sell.

Maybe The Tim/Deborah team should privatize FSA and be done with the high costs and transparency of a public company.

Sorry, jut my ramblings as I try and work out the future of FSA and my future in FSA.

My advice would be to get the divvy stream up...make this scream to the market...EXTREME VALUE