seems to me Kerry Stokes is playing the long game. Aquisition of...

seems to me Kerry Stokes is playing the long game. Aquisition of A1N shares will generate a positive return and continue to grow the profits of SWM while providing justification for a longer delay in dividends so as to keep the share price low so the buy back can continue at dirt cheap prices effectively increasing his ownership over time. Could be many years of these games. Like you noomx I’ve kept holding low as a percentage to protect against the “dominant shareholder control risk” but if you are aware of the long game maintaining a small position may reward patience. But it is a very long game with no income generated from dividends!!!! A company that reinvests profits will generate higher capital growth in the long run though (subject to return on equity rates of course)