most of amu's cash is in $US, so that it is to the advantage of the remaining amu share holders that the company buy amu shares (which are in $A) when the $A is low.
it may be towards the end of the year that the $A is @ say 95c. if the company were to buy shares during that period then it would be able to buy back many more shares for their $US. leaving the remaining share holders richer in in the $A value per share.
its confusing, perhaps someone else might be able to express this more clearly.
in any case the bottom line, i think, is not to worry too much if amu is not regularly buying back at the at the estimated average rate, but is simply waiting for the most opportunistic periods in currency exchange rates.
GK.
AMU Price at posting:
22.5¢ Sentiment: ST Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)