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smicker - Fri, 29 Dec 06 :

JJB,
I've looked at the announcement on UK-Wire and it does not use the word "Whether". It says "with Regard to" which has a totally different emphasis. Where did you get the reference to whether?

Also, do Fayrewood have to formally announce a buyback process? I've noticed many companies seem to have a provision which allows them to buy back up to 15% etc of their shares even though they have no actual plans for buybacks. I cant find this in the latest UK-Wire results notice? Could they quietly be mopping up shares to a certain level before they begin a formal process. I'm thinking here of giving the nod to the market makers that they will be acquiring shares in the future up to a certain price which allows the MM's to buy in stock in greater quantities than they would otherwise be happy to do


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