Yes , upon reflection a very good financial deal. I am probably frustrated as I am sitting on a lot of cash and not that much that seems cheap enough to invest in right now. So seeing one of my investments end up with a whole lot more cash doesn't excite me.
You are correct this is a great deal and should underpin a share price rerate after the stale shareholder's or sellers exit.
Maybe it is time for a glass of red and forget the week.
Ann: Divestment of 80% of Morrison Securities, page-39
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