You have probably answered you own question. Leanne is "not...

You have probably answered you own question. Leanne is "not involved in the business" this makes it less likely that she will impact the day to day running of the business. If you look at the year on year performance the electrical business is growing.

Notwithstanding if it was that easy to enter into the market place the competitors would have already decimated margins, I think you are over simplifying the potential of it occurring.

If LC wanted to follow daddy she would have been a lot more aggressive and bought shares over the last couple of years at the same time she is doing the buy back. I think she is also smart enough to know there would be a number of shareholders that are still on the register that would hold or fight back at a low ball offer.

LC can increase the dividend and use the cash to buy shares on market. Danny can approach shareholders directly as he has done in the past and offer to buy them out.

We will just have to wait and see what happens.

We are due a NTA report which I believe will be a good one!