Based on ASX filings Rex have not bought back many shares and so have the capacity to buy back a large number if any further price weakness occurs. Looks to me like smart money is getting in ahead of an acceptable annual result to be announced late August/early September.
I believe market will be impressed that Rex can acheive reasonable profits even with oil at record prices.....this shows that they have a strong business niche and good business model.
share buy back, page-2
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