Ann: Announcement of buy-back - Appendix 3C , page-3

I was thinking there'd be a dividend, but a buy-back will probably have more effect on the share price given the low volumes.

The commentary may suggest they want a higher share price to enable some kind of merger or takeover. "The Company has been discussing possible M&A activities with a number of micro, small, medium and larger companies, however, opportunities to undertake sensible acquisitions are yet to emerge against the Company's strict criteria."

The prima facie reading is that they don't need the money for taking over other companies, thus the buy-back. But there's no way Konket could take over a medium-sized company, let alone a larger one. And it may be hard for anyone else to pay (say) $30 million for Konekt when its market cap is so low... Thus a buy-back rather than a dividend.