The share BB is a capital management decision which can be carried out at any time during the period advised in the buyback notice to the ASX. I assume that management is currently fully occupied with bedding down the new business acquisitions so that the synergies which will result in operational cost savings can begin to flow through. The sale of the asset is a requirement forced on BIN by the ACCC and will be understaken in the normal course of business. The fact that the BB has not commenced does not mean anything at this point of time, it is merely giving BIN the ability to buy back shares as an option to other choices that it currently has. IMO it is preferable to finance the BB from retained cash flow rather than by increasing debt at this point of time.
BIN Price at posting:
$1.53 Sentiment: Buy Disclosure: Not Held
