My understanding of a buyback is that a company invests in its...

My understanding of a buyback is that a company invests in its own shares when it believes they are the best investment they can make. ie. they are getting a bargain. Well I hope $1.24 is a bargain .

The company intends to buy back up to 2,714,732 shares. Since the commencement of the buyback on 11/03/24, 73 days ago, only 42,065 shares have been bought back, which, when annualised would amount to a buyback of 210,901 shares at the existing rate. We would therefore be 2,512,831 short of the target at the end of the 12 months.

So the worry is, because the company has bought back so few shares so far, there must be the belief that the share price will fall further and become an even better bargain OR the board does not intend to complete the total buyback.

It would appear wasteful to employ the services of a stockbroking company for approx. 10 weeks to buy 42,065 shares.

This is such a "piddly" exercise that it beggars belief that anyone would go to all the trouble in administrative process to achieve so little. I would hope this not "small thinking" at work or an exercise to keep idle hands busy.

The big picture I hope still is that TIP has investments in great companies and that the share price will reflect that soon.