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clock Created with Sketch. 16/10/17
15:49
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Originally posted by Teddyward
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Jake( all speculation below ) it looks like the shareholders who requested the buy back are no numptys and possibly YOW didn't treat em seriously? It seems it is the 2nd request and possibly they formalised it to be included in the AGM after first being rebuffed? They must know their meeting procedure and AGM process as I have seen this tried many times and fail. Did YOW underestimate the shareholders mood and what other information and stuff did they request apart from a buyback as it would seem that possibly in frustration they want some cashback as they can't see YOW needing it or don't want YOW to have it and not use it productively? Why a buyback ? Is the requester a smart insto who is trying to guarantee a stop loss or were they wanting a capital return and YOW sad no? Is it a broker who wants the business!! Why not just sell 10% of their holding as an example? They wanted to make a point IMO and will be interesting to see details and base price etc of buyback. From memory I believe that ASIC will have notice and it will tell us who requesting holders are unless there have been changes in last 15 years?
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Was it Hartleys that suggested the buy back? For some reason that's where I remember it coming from.
(20min delay)
