I agree with what I think is your concensus above and outlined below:
- DRR is a big enough entity to continue as is (that is it doesn't have to get bigger/acquire other streams);
- Any new purchase couldn't match current returns & therefore would be dilutive;
- So to keep pressing a goal to seek and make other purchases is significantly damaging the current stock;
- Therefore come out and confirm it as an innuity stream (albiet with resource/asset diminishing at a very slow rate);
- But as low maintenance and therefore requiring management akin to a TRUST or even non-active EFT/LIC;
- DRR are therefore reducing staffing & operations to a post box, administrative, & (Trust & ASX) compliance functions.
Problem is current management & board don't want to kill their Golden Goose & any Golden Handshake probably wouldn't be attractive enough.
Also ILU have vested interest &/or 'Face' in this, so probably little interest or compelling reason to act.
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---|---|---|
15 | 21398 | $3.88 |
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Price($) | Vol. | No. |
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11 | 17803 | 3.870 |
11 | 12988 | 3.860 |
17 | 34020 | 3.850 |
5 | 9592 | 3.840 |
Price($) | Vol. | No. |
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3.890 | 2520 | 2 |
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3.910 | 9093 | 7 |
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3.930 | 13349 | 7 |
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