Ann: Capital Management Initiatives, page-4

All very true.

I am not sure how they interpret 10 years of crap performance to 'recent'.

At the end of the day, we as shareholders are at fault as well - for not instigating a mutiny over this dud.

Antipodes and Platinum - two of Australia's finest... not. Both manage to predict doom, yet never have the ability to capitalise when it arrives.

They must be waiting for a fairer discount before initiating the buyback - like 50%. I am sure it will get there.

I wonder if it's possible to a dump run and just chuck Platinum, Magellan and all the other duds into the abyss.