Something simply does not add up with the lack of update from TRA imo.
(i) Share price has fallen 17% since the share buyback was announced.
(ii) Fall could conceivably be more if the share buyback was not in place.
(iii) Why has TRA only bought 60% of the share buyback if it is so undervalued (by the directors' reckoning).
(iv) One of the directors actually decided to sell a few of the 'undervalued' shares into the share buyback! Joining Milford who decided to take advantage of the share buyback to unburden themselves of a few of said 'undervalued' shares!
(v) No dividend announcement post 31 March vs previous years.
Old timer cautioned me years ago to be wary of companies who are quick to announce 'good' news but tardy when there is bad news!