The worst part about this was the recent share buy-back !
SNN bought back 7 million shares between 26c and 21c for a total of $1.66 million, completed on the 13th of October.
Now I ask you, why would they do this if they new that profits were being smashed ?
Normally a company buys back it's shares when they feel that the current market price is cheap..............very strange decision.
If I was a current holder I'd be asking a few questions.
SNN
sonnet corporation limited
