I'd say this is a token buy back to counter the flak they copped at the AGM. With their heavy over-stock of new ILU's I just cannot see how they can deploy cash towards BB. Not unil they sell more ILU's or get an asset partner.
All the signs are there to suggest they need CASH. Currumbin property back on the market, selling of the US villages, Milton development site for sale...yadda, yadda.