ville. There is no inept person like Bazza on the board, so they are being very cautious, which i dont mind.
BUT you have to make your capital work for you, so they need to have a plan, should have some cash in the bank, but not $1.5 to $2.0b, if you are not going to do anything with it, than return to s/holders or other prudent capital management like buyback, organic growth, acqusition etc.
I think they are waiting to see how C and SFR pan out over the next few months, once that's clearer they should have some plan of what they want to do with the funds to increase s/holder value.....You got to make your Balance Sheet work for you, not the other way around.
OZL Price at posting:
$16.75 Sentiment: Hold Disclosure: Held