Its a good move by directors. 1800 is ending. Ref still has cash and retained earnings so it is nice that this is being returned while it is still there. So many companies would keep spending the money and leave nothing left making the retained earnings worthless. Now we get the share price back (which is up about 35% in 2 months) in cash and are left with the decision as to whether we continue with the lens business (or whatever else might arise) or not.
It does look like ref are comfortable becoming cash flow positive with the lens business.
Lets see how this pans out.
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Its a good move by directors. 1800 is ending. Ref still has cash...
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