Let's take one issue at a time. Management and directors buying shareson the market is not the same as a company buyback. That analogy with Dick Smith doesn't hold water.
The buyback yes $100m is the figure.
You suggested $1.70 was the highest amount paid actually it was $2.05.
The average is $1.707 but now the highest price allowed is $1.67
Two directors have recently declared buying shares on the market.
JoAnne Stephenson declared on 7/9 purchasing 32,000 @ roughly $1.46 for a consideration of $46,500
Harry Boon declared on 31/8 purchasing 25,000 @ roughly $1.50 for a consideration of $1.50.
I read this as being a sign of confidence and taking advantage of an oversold market.
As a result of the buyback, SCA who have declared they will not be participating in the buyback increase their holding from 32.5% to 36.2% by doing nothing. Not sure how this fits into your conspiracy theory, other than it is increasing its holding by doing nothing.
I do have a few issues with the buy back but not based on conspiracy theories.
I am not besotted with this company but think there are opportunities Maybe the swot analysis is the way to go I haven't used that old chestnut for a long time. I will save that for another post.
AHY Price at posting:
$1.63 Sentiment: Hold Disclosure: Held
