no one trusts or believes you peter, page-26

I have to disagree with you about the buyback. If a company is deeply under valued by the market and the company has cash to invest, the ONLY logic course of action is buyback lots of shares.

I have been VERY critical of BTA management but I dont think you could be critical of them buying back lots of shares while the company's share price is so far below the company's intrinsic value. In fact it would be counter intuitive not to buy back shares now.

For once we stop whinging about the company and commend them for doing something right.