Ann: CFO 2017 AGM Presentation, page-16

Welcome to our little club Mal. Your rationale appears sound to me.
It was a bit of a present today for us. A good share swap. But wait.....it doesn't mean that the buying is finished. Why not soak up some more?! They may well be after more. Who knows.
I think confidence has improved to justify a much higher p/e, and there is plenty of room for the p/e to double or even triple.
I know I keep harping on about it but the lack of shares floating on the market means huge upside potential now. There just isn't many with stock to sell, and even then, why sell now?
I am not convinced we are entirely out of the woods yet. The court case is a real threat, but from the looks of it could take years to drag out, especially with the cross claims.