And thats just to reduce shares on issue by a bit over 2%..... I could somewhat understand the buyback when we were at 3.6 ish (I think that was the last buyback price) but this seems wasteful. 8 million would probably equate to 4-6 acquisitions which would be a far better return than a 2% reduction of shares on offer.
Is Brett trying to shore up the share price for a potential takeover?
Ann: Daily share buy-back notice - Appendix 3E, page-6
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