On April Fools day, the company announced a share buy-back of up to 10% of the company's shares over the next year. On current market capitalisation that's a potential range up to $478 million while annual revenue for 2020 was $59.2 million, profit $24.5 million. They don't have a lot of free capital without halting dividends, new investment or resorting to borrowing. Shares rose 15% during April, but have fallen 10% in the first week of May with Wall Street getting nervous on the Tech sector. With a p/e already at 195.5, PME have taken a punt on even brighter days ahead but those treasury shares are going to create a huge loss next year if things head South.

https://www.smh.com.au/business/markets/asx-set-to-fall-as-tech-giants-weigh-down-wall-street-20210505-p57oxr.html