Gwnoys, Thats not what Graeme has told me, he agrees a...

Gwnoys, Thats not what Graeme has told me, he agrees a consolidation adds no value and he favours a share buy back approach.
Perhaps he's not told me what they have been advised by the specialist consultation ? MMMMMM who's info does one trust, my confidence in Beacons has returned by the communication Ive had with Graham, but to now read your statement is a concern as he never mentioned about the specialist consultation and or a consolidation later this year as you've mentioned.
He however did say a buy back and a modest fully Franked dividend should also contribute to a rerating. Perhaps an indication this could happen mmmm?