This being a TOX thread, whose business is waste management, and...

This being a TOX thread, whose business is waste management, and who are in the box seat for the Gorgon project contract, I would think that NONE of those companies you mention are in ANY sort of comptetition with TOX. At all. For nothing.

I'd suggest that you do a bit more homework on TOX before expressing your displeasure at the figures and comparing them to non-competitors.

I think that the figures are very good - they have held up spectacularly well through the GFC, their business has grown, they have extraordinarily good prospects for the future, they have exceptionally good and responsible management,... - what's not to like?

I can't find ANYTHING negative in the report. OK - the market has been buying on the expectation of a maiden dividend, and now some are selling because there isn't one yet. But as I posted above, surely a responsible decision would be NOT to introduce maiden divvies when they are going to need cash to gear up for some exciting prospects in the very near future?

TOX are still very much in the growth phase, and having held them for years, I am not the slightest bit disappointed by the lack of a divvy just yet. Let them grow. They are more able to do that by not declaring a divvy. What we DON'T want is a dividend, and then a cap raising to fund future developments and acquisitions! That would be stupid.

Nope - I'm very happy with the report and the company, and have continued to accumulate and average up. :)