Ann: Appendix 3Y (M O'Neill), page-52

Thanks for your two posts, quite informative. Understand your investing logic and thesis, and agree the broader market is overpriced, except for special situations. On the flip side, not as sanguine as to the outlook for WDS, especially investor returns, burdened by the moribund Chairman and Board. Not completely clear as to the intentions of those activists at the forthcoming AGM, but look at the current WDS predicament, following slavish attention to the Yes Voice Campaign, and all those green woke utterances. If the outcome is for a complete removal of the Chairman and Board, then all in for it. The truism remains, if you go green woke, then inevitably you will go broke or equivalent. All the best with your investing.