Yes the Board and management buying back in would most certainly help market sentiment for BOE. The market hated it when management sold their shares at circa $5.60. Obviously it was a good call for them to sell at that price, and even after paying a huge amount of CGT, they would still be well ahead if they repurchased some shares today at circa $2.50-2.60. So the question a lot of people have is....why aren't they doing it? Are they restricted in some way, or do they see fair value being lower than the current share price?
BOE Price at posting:
$2.54 Sentiment: Buy Disclosure: Held
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