The buyback (Capital Management) appears to be working. Prior to the buyback announcement on 22-Mar the sp was 78c, and the last traded sp yesterday was 84.5c. With a post-tax NTA of 92.68c, the last traded sp of 84.5c is an 8.8% discount to NTA. Hence, with the MA1 performance returning to mean, which it is on track to do so at the moment with a 1.15% gain in March, imo right now presents a golden buying opportunity.
MA1 Price at posting:
84.5¢ Sentiment: Buy Disclosure: Held