Every day they buy a few more back. The share price is drifting...

 Every day they buy a few more back. The share price is drifting a bit lower in spite of this, although it is fair to say that the whole market is a lot lower than when the price was sitting at $1.70-$1.80

The Chair's AGM presentation included the following:

Assessment of the use of sale proceeds from the divestment of Source Power & Gas will bemade in line with the Company’s capital management framework. This includes investment for growthand return of capital to shareholders, as appropriate. A further update will be provided as part of ERMPower’s FY2019 interim results announcement in February 2019.

I am optimistic for an increased return.