Thats exactly why they should spin it off to shareholders!!!!
I didn't invest in AZJ as an arbitrage. I invested because the of the long term cash flow that will be generated. I don't think management is exceptional, but I do think the business has very high barriers to entry. So long as management doesn't completely stuff it up, the business dynamics and barriers to entry, mean I generate a decent long term return.
This is a buffett type scenario: I prefer average management with a good underlying business model, to exceptional management with an average business model. Management changes, business model more enduring.
Please please Mr Market, become scared and drop the share price!!!!
Ann: Update on divestment of East Coast Rail, page-15
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Last
$3.40 |
Change
0.020(0.59%) |
Mkt cap ! $6.258B | |||
| Open | High | Low | Value | Volume |
| $3.38 | $3.42 | $3.38 | $21.47M | 6.318M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1450 | $3.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.42 | 37109 | 4 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| AZJ (ASX) Chart |