Solid returns on the investment fund!!!I must say, if the board...

Solid returns on the investment fund!!!

I must say, if the board was half smart they would see that ECL shares are massively under priced. That being the case they could buy back shares between the current $2.55 to $3.67 a share and still return more value than their current strategy.

I really do scratch my head with this board. The value creation opportunity would benefit all holders and yet they sit back investing the cash they have with virtually no return.

This is why I have no confidence in this board being able to create value.

I also suspect that like the financing business they sold off at the peak of the GFC they will wait until the cycle turns and end up missing out on value.

What ever became of the strategic review that they spent a small fortune on and took so long? Has anything transpired are there any actions coming out of it? Or we continue the same old same old, never to see they real value that all shareholders are sitting on?

The board needs to start talking about what their value creation strategy is!