Happy New Year holders.Just back from a quick break and have...

Happy New Year holders.

Just back from a quick break and have been reading up on ioh. Out of curiosity I did a quick calculation of % bought back over the past week, as follows -

Date - Volume - IOH Buy - % of Volume

3/1/12 - 127,202 - 63,913 - 50.245%
4/1/12 - 264,594 - 222,828 - 84.215%
5/1/12 - 218,916 - 50,596 - 23.105%
6/1/12 - 22,162 - 9,500 - 42.866%

So they are certainly active. SP ranged for the week between $1.38 and $1.48, closing at $1.43.

It will be interesting to see how this trends over the next month or so.

My primary concern with ioh currently is that, imo, the next 'big news' we are looking for (a deal on either IV or BH) is a fair way off, and that this buy back is simply to put a floor under the price whilst negotiations continue (if indeed they are.... Or are we simply waiting for the phone to ring?).

Honestly can't see much happening in the near term so suspect the sp will be range bound, supported by the buy back. As a longterm holder, supporter & occasional trader I will be keenly watching the next 6 months.

Interested in other opinions.

Cheers,

Mac


Please dyor.