So, they approved the "further buyback" as we expected. All that remains to be seen now is a) when the buyback begins b) if the SP rises and by how much and c) how many shares DBay will offload at a premium to make themselves a load of money? Just like last time.
Question - why are they so concerned about the perceived discount to NAV? And why spend a big chunk of the cash pot trying to narrow that gap when surely that cash could be put to better use by investing it in something and growing the company/value?
HGN - I may not have to; if next weeks results and/or the EY audit results in a decent SP rise and/or a clean bill of health, would DT still need or want to spend another £50-£60M buying back shares?