Where to now for Link, page-358

PEXA is the brightest star, NPAT margin 33% that big tech sort of margin, capital return $133m next year, debt is cheap and PEXA spins off good cash flow and the only player in town so it will capture all the earnings so this is the right move

Still no sign of spins off what keeping them? it now very profitable and growing double digit, this will be a market darling if spins off
need activist investor to come in and force management hand for a spin off