I hear what you are all saying and broadly agree with sentiment,...

I hear what you are all saying and broadly agree with sentiment, this is a good longterm play. At the moment though im just not interested in holding anything thats not gaining in value, there is just to many options out there that are.
As for the register being mainly longterm institutional investors just look at at the recent trading by Perennial and MUFG.. the institutions are part of the problem here.
A share buyback would be a very good idea and a better use of funds than a dividend imo. A tighter register would do wonders for the shareprice.
lots of buying interest in the 49.5 area the last few days.. probably Perennial loading back up. Will be watching for a low 40c re entry should the opportunity arise.