You might be right. There's possibly a plan in the works to dramatically change the business, then announce it to the market, then execute the buy back. Emma stated she wishes to "simplify the business." That sounds like pulling out of Europe, or at the very least, away from the UK jurisdiction. The market obviously won't like the 50% or so revenue hit (despite the current price already factoring that in), and down it will go. 20s? Maybe. 30s? Definitely. It's only 10c away now. But when the ship rights itself, it'll be a take over target. Unfortunately, including me, a lot of investors in this company will never get their capital back. This is my opinion and view at the moment.
EML Price at posting:
49.0¢ Sentiment: None Disclosure: Not Held
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