397k shares bought back yesterday- a good number-out of 1.3m...

397k shares bought back yesterday- a good number-out of 1.3m traded for the day. Trades would have been above average even without the buy back.

Buy back at 85c to 88.5c- the latter was the maximum for the day given 88.7c allowable maximum was just under the next highest cross selling price of 88.75.

Other punters then, in the auction, brought the price to close at its highest at 89c.

Don't know the maximum allowable price for today, but it must be more than 88.7c. Trading over 90c today on above average volume perhaps without a lot of help from the buy back.

Anticipation of the dividend, with the 15th being the ex-date, would account for some buying.

Other than that- the punters appear to be bullish...

IMHO DYOR