Ann: Shaw & Partners Life Insurance Roundtable Presentation, page-4

I wouldn't read too much in to the market reaction on the day. The spike up to 65c last week was on low volumes, so probably had got a bit ahead of itself.

Give people a week or two to digest, and next weeks price is probably a better indication of how it received. There's heaps of updates floating around the market, plus the Macquarie conference is on, so a few of the major players in the small-cap space would have their hands full.

I thought it was a reasonable preso, but they add in way too much written "fluff" in some of the slides. What they are planning to do with the dividend is also really confusing. I had to read it a couple of times to try to get a sense of it and make aure they weren't trying to hide a disclosure in there.