This is huge, keep in mind the capital return will likely be...

This is huge, keep in mind the capital return will likely be coupled with a FY dividend. 25-30% return on the current price, huge. Will be interesting what response if any from this announcement.

Because, although great for existing holders, has an unchanged affect on the future earnings and profits.

The hedging is great, provides certainty of earnings and therefore dividends through to HY22. So should have a FY distribution and also a HY distribution early next year. So returns could be >30% in the following 9M. Plus potential SP appreciation for those chasing the returns.