a bit worried about this capital management announcements. Worried that they will start making mistakes like the previous management.
Main reason for consolidation is to be able to offer shares if they acquire another asset, like they said, cash is not the only way (debt & shares) are another way to buy assets.
Worried with 1 for 10, as normally it will drift lower to where it started.
Have to stuff around with my cost base with the capital return which is low, which is 4 months away.....will have to think more about this one.
OZL Price at posting:
$18.05 Sentiment: Hold Disclosure: Held