Will be buying back 10m shares. Given the volume that has been traded, they are going to have to pay up.
Top 20 hold 57% of the company. The stock is very tightly held.
Its like knowing that an investor will be buying 10m shares in the next year.
Given the market still hasnt fully woken up to this and the share price still languishing in the 40s, expect the company to take advantage of this and buy as many as shares at this level very early on during the buy back process.
Make the company pay up!!
Cheers
GAA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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