I wonder if the new management have eyes for ITC given their CSG background? Is it possible they moved on JK as they saw him spending cash on ITC and losing focus (spending money) on the CSG program?
I had heard that JK was due for retirement at the end of the year though, so it does seem like an element of succession planning is involved.
If it does go ahead, I agree with what you say Wasa.
Haven't totally discounted a splitting of CSG and Oil interests by VPE though. Refer paragraph 1.
VPE Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held