From memory the pricing they used for MIS repurchases is heavily discounted from the actual value. So growers who want out, or need to get out, will be selling at a lower price than if they waited until the plantations hit maturity. This was mentioned before. Someone may have access to the discussion.
Ann: Unaudited Results for the 9 Months Ended 31 March 2016-TFC.AX, page-36
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