Share Re-purchase Plan, page-5

Thank you for your considered response/comments. Far better than RandomK's "shocking use of capital" dismissal of such plans, which have been utilised by the management of a number of high-profile companies in e.g. The Fortune 500, and approved by their shareholders.

I take your valid points.

My context is in the counterbalance to shorting. I actually believe NZX needs to permit shorts as NZ retail/small investors are disadvantaged, especially with dual-listed companies eg NZ/Aust. I suggest that what we have seen in the last few days with A2m on the ASX is more than 'market' i.e. manipulation/power of big players to make their own market at the expense of mom and pop investors.

An open-ended (i.e as to time) re-purchase plan, being an available tool for a company and its shareholders/owners to use, may be beneficial. Activating it as an option would be an objective foil to shorters eg. instead of making a formal 'announcement' each time a reaction to a BAL-like event may impact perceptions or a shorting operation may be in play, a company could simply advise/make a 'lesser announcement' that it had taken the opportunity to re-purchase some of its shares. Just as you worry about a negative perception to such plans, I can see positives. Could not a dividend policy and available re-purchase plan policy exist in tandem.