Ann: BKI Announces Entitlement Offer and General Offer, page-24

Actually, I was surprised but the underperformance of BKI it's actually disclosed on page 2 on the NTA for May. Its shows Total shareholder returns over the ASX300 index its behind for the past 5 years and the gap seems to be growing from 4% under 5 years ago and last year a whopping 10% under. I would suspect that earlier it was the great NHC and TPM that had some influence in the earlier years but really I have not researched it at that level. Over 14 years it's only 0.3% better than the accumulating index.

Well, I was told that size does count and really was surprised but it came from a senior person there and in fact, it's not the MER I think its the personal ambitions of the managers there. Really look hard at this raising in BKI it makes no sense for existing shareholders at all. I don't hold so am happy to leave my comments there. If you are interested let's take the URB implications to that forum.