Buyback is on hold until they finalise the sale process for the US business - anticipated to be by end of calendar year. Honestly thought it would've held up a bit better than this; the worry is that the market can't see the growth potential in the energy solutions market and sees the sale fo the US business as the sale of growth potential. Regardless the Aus retailing business should be worth more than the current SP. Strange beast.
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- Ann: FY2018 Full year results and presentation
Ann: FY2018 Full year results and presentation, page-21
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Dani Nadri, Country Manager Australia
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