I am not sure that they do know something that we dont know.
They are being aggressive when the share price is below fair value in my opinion which is being smart. ($1.40 is fair value for now.)
That does not mean the share price and half yearly results will be good or go up.
They obviously like the longer term prospects of this business and will do well buying at these levels if earnings growth occurs.
I think we need to wait a couple of years to see how this business really does in ANZ and Asia. I really comes down to the CEO and what he does with the excess cash that the company produces.
Drag
ISD Price at posting:
$1.18 Sentiment: Hold Disclosure: Held
