Didn't the last shareholder presentation mention something about an on market buyback? Would this be at odds with a DRP?
Depends on the desk driver who is making decisions on the day
LME-400, if they buy them back when they are cheaper and sell them to us in the DRP when they are a little dearer (as many shares are near the record date) they will make a little there, possibly even enough to pay the whole dividend, so I can't see how the DRP is a bad thing from the company point of view.