Hear what you're saying and have thought as much as well. Outlay proposed = <2.5% of cash held at the end of June qtr. Monies could contribute to a more significant dividend in NY 2016 ... maybe the investment will deliver a more substantive dividend, only time will tell! I believe (but don't know for sure) MLX is well ahead on its AZK investment ... is it a case of reinvesting what it's already made!? Don't really subscribe to there being a shift in the core business of the group. It is AZK that will be doing the work here on proving the technology. Note MLX has interests in another 1 or 2 listed companies in relation to which there is little ongoing info. Could be a good question for the company secretary ...
AZK, page-6
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45.0¢ |
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Mkt cap ! $403.4M | |||
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