Ann: Becoming a substantial holder-CSR.AX, page-9

one week today and results are out, share price creeping up, hopefully insiders loading up for a special dividend to reward shareholders or a new upward guidance on the way. Or takeover/merger
This in the AFR early April.

"Here's an interesting pick-up from Bell Potter's Richard Coppleson.
CSR has broker UBS in the market seeking to buy back up to $150 million worth of shares.
It announced the buyback on March 4 and had UBS in the market from March 21.
However, after an initial flurry of buying, the buyback appears to be on ice.

As Coppleson pointed out to his clients, buybacks normally stop for three reasons; an upcoming earnings result, a major announcement pending or because the company is working on an M&A deal.
And while CSR has flagged that it will buy back the shares slowly, Coppleson says he has seen this sort of thing before.
"So I have no idea what it is – I'm just putting it out there," Coppleson told clients after market on Wednesday.
"Over the years we have seen a number of companies quietly stop their buybacks & then we find out they have an M&A deal.!!"











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