From what one reads, FID is a well run company with a reasonable...

From what one reads, FID is a well run company with a reasonable to bright future but almost no profile. It deserves one.

You identified a chief annoyance. BIN is one I held: it's just been delisted as Macquarie's MIRA is turning it into a private company. If holders elected to take 'mixed consideration' (owning a tiny portion of the new vehicle), there'd be no easy way to sell one's shares in future. Only 152 of c.7000 holders elected to do that. Yes, the default option of a special dividend plus cash is very nice but then one has a problem in 'where do I place these proceeds next?' Perhaps FID is the answer.

It's great when companies remain publicly listed and gradually appreciate in capital value over time, and perhaps also deliver a twice yearly dividend into one's wallet or purse.

Union based industry superannuation funds are another threat to ASX listings, as these entitities have huge swathes of funds and in some cases look (as in the yet to be initiated SYD transaction) to take listed companies private.