Not sure what to make of this move.
A welcome move none the less. Pity they cant start today.
last year they tried to buy back 22 million shares but filled less than 10% of that.
Hopefully LRL will be aggressive whilst the sp is below cash backing and get the 5.5 million off the table.
It will cost around a million dollars, leaving them with plenty of dry powder.
Oscar
Ann: Share Buy-Back , page-3
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