pilatus, if OZL was discounted below current price that would be a great opportunity as a dividend stock.
I could invest my share of the money to hopefully generate positive returns at least. What return has OZL generated over the last 2 years for shareholders with that capital - taking into account SP movementand dividends I'd suggest it is a negative return on capital. Can you do better than zero return with your investments?
If they can do a worthwhile M&A activity that would be best use of that cash.
If they cant do that in the next quarter and dont even have a timetable then I say hand it back or lets see a couple of fresh faces in the boardroom that have skills to undertake M&A.
OZL Price at posting:
$7.01 Sentiment: Buy Disclosure: Held