Ann: Announcement of buy-back - Appendix 3C, page-13

People are sick of this stock underperforming.
It would be annoying watching almost everything go up and this fall.
People have had enough and are continuing to let go. Reading the alf thread says it all.

NTA is at a big discount. Sentiment in this stock is at all time low.
Valuations on many stocks at all time highs. Buy back will continue to increase the NTA and will help support the share price.
It looks like a great time to buy. Especially as a hedge for anyone who has made good money from stocks in the last few months (or years) and wants some protection against a turning market.

Instead of taking profits and increasing cash Im putting funds into this.
Bought a few BBUS which goes up when the US market falls too.