BRK 7.69% 1.2¢ brookside energy limited

Ann: Update - Notification of buy-back - BRK, page-26

  1. 1,886 Posts.
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    I understood/understand them buying cheaper, even though it's disappointing, however dropping the support line to 1.1c seems insane. I would at least feel neutral about the buyback if the 1.2c line had a massive order in place.

    I can't recall the last time we sold into 1.1c successful. The last time we got that low, almost no volume happened at 1.1c - was almost exclusively 1.15c trades and people in line here weren't getting anything.

    1.2c sucks, but obviously they can buy from it. Sentiment is crippled, and now it doesn't look like they even want to buy.

    Ideally i would like BRK to acknowledge 1.2c as the floor, and start trying to force the sp up. Load up 1.2, force people to buy 1.3c. do this until either the buyback count gets hit, or 1.3c gets enough support to dry up the buyback - at that point load up 1.3c and try to force 1.4c.
 
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