KelvinToo many Re s for me , but l concur with your negativity on share buybacks , it is a meatless burger of nothingness and rarely translates into anything other than rewards for MGMT. You are far to modest as l think you are far beyond the learning stage regarding this aspect of Financial engineering.Either reduce debt with interest rates at these levels not seen for about almost 2 decades or if you want to reward long suffering shareholders increase that minuscule dividend and allow those who actually put their money to work to allot that capital where they choose.