Not sure this buyback was such a good idea! Could have used the funds to increase dividend and underwrite future dividends. Plenty of franking credits available to frank dividends and only 93m shares on issue. I feel this policy would have helped the price and market confidence a lot more than a buyback structured the way it presently is. They should abandon the buyback and make sure dividends keep coming. Only a thought of a simple man but it looks a simple thing. Any thoughts anyone?
Ann: Daily share buy-back notice - Appendix 3E, page-2
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Mkt cap ! $72.45M | |||
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