Buyback was my preferred strategy hence very pleased to see it today. Feel we won't see $1.35 today. I'm hoping $1.4-1.16 region esp as outlook for FY17 is so damn positive. How many other ASX firms have produced a forecast for FY17 by now? Sweet fanny adams... that's how many. Many are clueless re what to expect.
I remain very confident BRS will retain the asylum seeker contract in March 2017 for another 5 yrs. One main reason the talks (after months of negotiations) were fruitless, is that the govt has substantially changed the terms. Hence, the 2nd highest bidder was re-invited back into process. Not just a case of BRS couldn't reach agreement with govt. The refugee scene is fluid as we all know and can change rapidly.
Buyback was my preferred strategy hence very pleased to see it...
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