afterlife, you make some good points. However, I doubt Darren...

afterlife, you make some good points. However, I doubt Darren and Duncan pulled out the finance/economics textbooks and calculated the 10-day volume weighted average price and adjusted it for expected earnings growth! No, I expect the price was established in a gentlemanly way between two gentlemen, at a level that they were both perfectly happy with. Probably something along the lines of 'how about we just go with the 52-week high?'.

Not that it's any of my business, but the price seemed 'about right' to me.

Duncan was at the recent AGM and I thought at the time how nice it was to see one of the company's founders still actively interested and involved, several years after leaving the company. I think it speaks volumes for the culture at SRH.

As for a CEO investing a further $350k in his company, I don't care if it's BHP or SRH - it's a vote of confidence in the company's future. And in SRH's case, a well-placed vote of confidence imho.