Ann: Daily share buy-back notice - Appendix 3E, page-2

Ticking along nicely.
Interesting watching the price and supply correlation.
I am conscious it is over a year now since ITD took off and many will be sitting on a 100 - 150% profit. ITD is a hard stock to offload without pushing the price down, so some big holders might take this opportunity to take some profit knowing there is demand through the buy back. This is fine as such holders would offload into a rise anyhow taking the heat out of it. It also benefits the company having supply at Therese levels rather than pushing the price up.

I recon we are positioning nicely for the half yearly result which will be the profitable season for our seasonal products, lots of cash in bank, improved intrinsic value by reducing the register.

I feel that a good foundation is set for another strong upward run in the SP, which should run past previous highs.