I am intrigued by your comments that that in a perfect world you would love to see Pact gain a competitive advantage.
Can I ask who you think Pact's current competitors are?
What do you think Pacts market share is?
I think people do not understand that Pact dominates the rigid containers space in ANZ. They drive the pricing in the market and their scale outstrips others ability to compete completely on materials purchasing.
The move into recycling is to dominate this segment as well.
They have work to do to drive these benefits through the organisation and they need to be more nibbler than what they are.
I really wander some times how well investors know the company they invest in and more specifically who their competitors are!
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