This is more like it. About 588k shares bought back.They were...

This is more like it. About 588k shares bought back.

They were allowed to buy back up to 83.16c by the five day weighted average rule. They bought between 79c and 82.75c inclusive.

So, what did we learn? I think the quarter cent in 82.75 means assistance from the market maker- a cross trade- that would make sense- fair enough.

The closing SP, 81c, was less than the maximum price that they could buy back at- and their were excess sells at this price in the auction. So, that tells us that they set some sort of a daily volume or total payment limit. Fair enough. I suppose otherwise would unduly influence trading.

Who knows if this is useful to know? Rhetorical question. I find that the more I learn stuff that does not seem to matter much- the less likely I am to fall prey to conspiracy theories about SP movements and trading patterns etc. And sometimes knowing this sort of stuff can help in getting the best price- maybe a pip here or there.

Good luck to all holders. If you ever notice that I say something blatantly wrong- just say so- I am a big girl person- I can take it.

IMHO DYOR