Ann: Daily share buy-back notice - Appendix 3E, page-5

I'm simply confused with the strategy. I contacted the company and the reply indicated that the strategy was simply to increase EPS through the reduction of issued shares. Fair enough, all good....however, they haven't been buying with any conviction to support that strategy. There has been no price support, no artificial pumping, no volume. Generally speaking, I think you'd expect one or more of those. As it stands they have bought back just over half a percent of issued shares. As far as divies go, that's less than a 20th of a cent per share divi increase, based on a 7cps div per year.

There must be more to come.