Ann: Notice of Annual General Meeting/Proxy Form-KBC.AX, page-6

Does that mean you like the new management, or more of a case of disliking the previous management?

I am not sure the current management care much about where the share price trades in relation to the NTA. The style at Bentley is more paying out a dividend, then issuing DRP shares at a large discount that dilute any small shareholders receiving in cash. That has been the pattern there rather than buybacks. Time will tell whether Keybridge goes down a similar path.