buy back - only $12.5 million shares to go

Interesting strategy re the current buy back. Why they commenced it at $2.81 - $2.95 levels is a mystery...could have snapped up shares from low of $2.55. Effect when buy back is complete around 10% less shares on issue therefore EPS will need to be upgraded by 10%. Thirdly 12.5 million
x $2.90 is $36Million...does this tell us they have mountains of cash with no home to go to ? My prediction is they will pay out dividend at 70% of EPS for full year. So think of this. 8cents + 8 cents + 14 cents + 7 cents = 37 cents over the next 12 months.