CamYes agree regards FBU's aquisition of Crane Group. As you...

Cam

Yes agree regards FBU's aquisition of Crane Group. As you have discussed hard to find value in the current market yet aquisitions of ASX listed co's in general seem to be picking up in pace.

I note you previously valued AEO around 1.30 per share, I was a little surprised to see the takeover come through this morning, but I guess thats generally when they occur.

I tend to agree with the institutional holders that are now yelling in the ear of the BHP & RIO boards, regarding buybacks as a better way of creating shareholder wealth than expensive and in BHP's case unsucessful (and costly) takeover attempts.

OZl is another resource stock that comes to mind that is well overdue to return some surplus cash to holders, but I digress.