Ann: Prospectus for Non-Renounceable Pro-Rata Rights Issue, page-33

Actually it doesn’t concern me at all. Assets change hands everyday. Sometimes the new owner does well, sometimes they don’t. We’ve all sold things and then wished we hadn’t 6 months later. What is interesting is your blind faith in this Ruane character that everything he does and says is 100% correct. Sometimes I think you are MR! He has consistently underperformed yet you still hold him out to be the mesiah? (Even though the new owners have succeeded in multiple areas where he failed dismally)

And yes brokers generally are in for a quick buck. There’s nothing wrong with that, it’s their job. Australian Super is not a broker and are building long term value.

Your constant need to look over the fence and try and undermine the competition is the only thing that is concerning. The reality is the market for SOP is more than large enough for all players to succeed and the success or otherwise of the competition should be of no concern to you.

I think you just struggle with the fact you’ve backed the biggest dog in the SOP space which is now effectively capped below 20c for the foreseeable future; a permadog if you like.