Ann: Q2 FY24 - Appendix 4C and Investor Presentation, page-14

and yet the share price remains lackustre.

here they are making record net win and out growing the market , yet the market still values the entire company at well under 150m AUD , majority of cash held and to be received aside.

if it were ever true that they rejected 250m AUD for the Oz business they are total fools because the market just will not go anywhere near that figure.

chairman paton has lost decades worth of his wealth in the business yet hasnt made any changes , you wouldnt even know he was part of the company .

the one problem investing in companies heavily owned by the management team is they are entrenched in the business and hard to move