We'll find out in a few hours, but my guess is that DDH is releasing prelim results to begin the buyback, not to give bad news before the formal results in August.
In fact, DDH's chair stated on 1st July when announcing the buyback program: "The business has performed well, and we expect to deliver unaudited FY22 results in late July to the market."
So, a bad-news announcement is highly unlikely. Whether the unaudited results spark a rally...? The ASX isn't a particularly efficient market, but every bit of good news and cancelled shares helps.
DDH Price at posting:
63.0¢ Sentiment: Buy Disclosure: Held
