With 10.77 mill shares sold today it looks like Woolies are selling on line rather than waiting for the buyback, makes sense, they would have collect the higher return and the upside for GRB is that it reduces the cost of the buyback. If it is Woolies selling then that's 10% of their holding cleared and it could continue for a few more days.
In the meantime I picked up another parcel today to top up my holding and I am running the numbers for the rights entitlement and cash flow to decide whether to buy a few more to settle on a nice round number.
GRB Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
