I thought the sell off was a bit overdone. I saw nothing in their release that wasn't already factored in to the price. Kmart - old news, Cotton price - old news, Debt reduction target met a year early - old but good news, Share buy back - old but good news.
Can any of you accounting buffs tell me if the 55ish million they are likely to spend on the share buy-back comes off next years profit figures (thereby reducing dividend payout) or is it accounted in another way?
Ann: Results of Meeting , page-2
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