Most buy backs don't get anywhere near the maximum possible....

Most buy backs don't get anywhere near the maximum possible. More a sign that they are financially strong and think the share price is cheap.

Unfortunately, at the moment I can't see any catalyst for the shares to go up. The oil sector has had a monumental shock to the system, with consequent effect on capital expenditure. Also, contrary to the experts' view, the Australian dollar is struggling to fall any further than 76c. At an absolute guess I reckon the dollar needs to be 65c for Matrix to do any good at the moment. There must be also be a risk that Matrix will fall into loss next year as the order book runs through. I doubt that there will be a final dividend,

Sorry to be so gloomy after being a bull, but I am out for now.