possible use of proceeds, page-3

I agree with you, especially in recent times. My preference is they apply any proceeds to do a generous capital return to shareholders, which I believe is in members' best interests.
Present management have repeatedly demonstrated an inflexible, slow and overly-cautious approach. But it would be imprudent for them to enter into another large-scale acquisition after Viridian, given present market conditions and cyclical uncertainties. They should continue to focus on getting the glass businesses (formerly Pilkington and DMS) working and improving existing divisions, in terms of revenues and margins. However, some much smaller-size strategic bolt-on acquisitions, at the right price, could be appropriate if opportunities arise.