still some upside left, page-4

Hi guys,

Thanks for the feedback, much appreciated.

In relation to the Panther's loan, i would like them to focus on their core market of NSW. I cannot see any benefits of having Pubs scattered around Aus as the synergies aren't really there.

I would be happy for them to purchase some new venues in NSW and pay down some debt. Then once in a stable position begin paying dividends again.

I have spoken to management and they are conscious of maintaining sufficient scale meaning further buy backs are probably out of the question unless the share price falls off a cliff. This is fair enough as there are players with deep pockets in the industry and LTN needs scale to compete.

On a different note i just paid $17 dollars for a pint in Perth - maybe they should jump on the bandwagon and extort the population like the rest of the venues over here do!