Forum Archive Index - July 2001

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Re: Re: Re: [sharechat] RBC

From:	"Jeffrey Kelly" <jrjkelly@ihug.co.nz>
Date:	Mon, 16 Jul 2001 20:52:40 +1200

Correct me if I am wrong but is the buyback not funded out of cash reserves which are part of the nta?

If so then as the number of shares on issue are reduced then so are the cash reserves proportionately reduced and the nta will stay the same.

Any price improvement would come from demand exceeding supply of a reduced number of shares available

Jeff

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