It's really only to replace the buy-back notice that was still active for FPS. The FPS buyback had 474,000 shares remaining on it yet no purchase had been made since Oct last year.
The buyback is open ended ie no end date so it doesn't mean any purchases are imminent.
But I have to say, anyone would think they had a bad report. No interest at all. Did the market not notice $500k of expenses were from the restructure? Backing that out plus adding in highly likely growth for the second half given what markets and FUA are doing, you have to think underlying NPAT for FY15 will be around $5m (16cps). Plus I expect a growth free kick in FY16 when they are able to be reimbursed a higher rate of expenses from the Superannuation Service.
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It's really only to replace the buy-back notice that was still...
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