Does anyone know who the investment funds were?
The cynic in me is also thinking it's not a bad way to throw your fundie mates a bit of profit, i.e. sell a huge line at today's lowish SP (i.e you could not buy that much on market and not move the SP north considerably) and then use company money to push it north for a tidy 10-15% profit via SBB (maybe at best if buyback works to that extreme)...10-15% on what was it, 15m ? is not bad for 2 months investment.
I am always curious when a major holder sells big lines of stock immediately prior to capital management initiatives - who are these "funds"? Is it disclosed at all? If the family had of waited a few weeks when in the middle of a buyback, they could have potentially got a lot more value...anyways, seems strange to me
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