Ann: Daily share buy-back notice - Appendix 3E, page-7

Thanks for the reply Dwhale.

I understand the effect on PE, but thought this positive would be offset by the negative of having an average daily trade of around $77K which will restrict a lot of investors from taking a stake in the company due to minimum liquidity requirements. (Maybe they don't want to make the company too attractive to a possible takeover)

Also understand the buy back shows that the board has confidence in the company but surely there can be some avenue of investment the company could make to further increase EPS growth or just keep the cash for any up and coming opportunities?

Anyway, that's the boards decision I suppose so I'll let them do their job.
Disc: I've sold my trading stock but am holding onto my long term holding.