No, I’m perfectly fine with their logo. They may not have a logo...

No, I’m perfectly fine with their logo. They may not have a logo that’s as good as Apple, McDonalds or Mercedes-Benz but their logo does the job. It’s recognisable.

I’m glad they don’t spend obscene amounts on these things as they’re carrying a substantial amount of debt and have already committed to lots of CapEx.

TPG is winning the war in this industry because of their frugality and I would sell their shares immediately if they show any signs of losing that cost-conscious behaviour. I love businesses who are frugal and efficient. They are the ones who survive the longest.