To add, I would be in no rush here. At a quick glance, industry competition and government policy may pre-set fairly low overall returns. NIB reports some growth and a 5.8% net return for 2013 but this is on a historic cost "book" basis. Should the Mums and Dad's churn their shares at some stage there could be opportunity on the dip. Don't know what internal adjustments would be required to ensure market leadership or what the M&A potential may be. My initial sentiment is to sit and watch. Cheers
