For now, I'm sitting tight until PEXA is listed and we get a MTM valuation for the business.
Tax ruling and in specie distribution of PEXA from LNK should occur in time, which will go a long way to realise value for patient LNK shareholders.
That will also open the door for the Board to entertain offers for the rump of LNK.
I don't see any upside selling at these levels, with multiple catalysts for re-rate on horizon. I'll sit tight and wait for this to play out.
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