Yes but Perpetual dumped ~4m shares and Long Path bought in for about the same so clearly some mixed views in the investment community on where RUL will go from here. I’m a long term holder and love the story but I think the employee options dilution debate is interesting - no issue with the team getting rich as long as the shareholders who fund the business are also getting a share of the upside. RUL has been going sideways and promising a lot for way too long and it cant just be the market misunderstanding
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