Morrison did make some small amendments around performance fees last year from memory. Certainly, more work to be done there, nonetheless.
I know Jason isn't an euthenist for share buybacks, however when the share price is trading ~33% below NTA that forms a relatively solid investment case.
From my notes the only two assets with a higher IRR are CDC and Longroad.
I do know current cash is a dismal $19.2m but with a possible sale of RetireAus that may soon change, assuming CDC and Longroad doesn't gobble it all.
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