Share Buyback, page-22

I believe that there is definitely an intentional push up in the share price , possibly by some big funds/investors to get higher buyback price and franking credit. I don’t think that the current share price can really be justified . Morningstar says that they are way overvalued . I would have to agree when you look at current PE and div yield.
After this buyback is completed , I think we will see a softening in the share price.
Other things to consider are , some investors will buy back in at some point particularly if the market starts to look sick in the presence of a global correction or worse and the price becomes attractive again. WOW is a good defensive stock but still facing competitive pressures.
I will probably buy back in at some point, but not until I see the effect of the election , and Woolies next qtly results .