In the most recent share buy-back notice, the company indicated it had paid $1.36 on 28/6/16 and $1.17 on 9/5/16. I.e. paid up to 45% over current share price just 3 months ago.
Either the company is being significantly undervalued by the market or there has been a serious and dare I say negligent waste of funds on the buyback!
Thoughts?
IMO DYOR
No love for CSV, page-71
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