I think the company is doing both as definitely spending and investing in the growth of the business plus investing in their own shares via the buy back. As far as I know the company becomes a shareholder in its own stock and they deem them worth the stock price paid because they intimately know the business and its future therefore positive.
True! It does not increase revenue, EBITA etc just the number of slices in the pie.
Share buy backs are definitely not unusual and I’d rather a buy back any day as compared to a Cash Raise, dilution can commonly be a cancer for shareholders and it is definitely not the same as an initial public offering IPO where a company is born.
Further, no drama about you however I think it sacrilege and bad form to use the words Ponzi Scheme with reference to Pro Medicus.
my view!
Ann: Update - Notification of buy-back - PME, page-8
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