Ann: AGM Address and Presentation, page-2

Opportunistic by the major holders, printing cash in 24-26 and solid foundations in place for beyond. They even drew attention to the significant increase in local students not so long ago, the reduced international student limits will fade as an issue now the election has passed. The only reason it's sitting at 14c and below is they haven't come out and said what they're planning to do with the cash.

Announce a 2c dividend and liquidity will look after itself. Self-serving, no wonder they're all looking to retain their own holdings.

Should be offering at least 20c per share.