Hahaha, why not right? Private Equity punters like Crescent know...

Hahaha, why not right?
Private Equity punters like Crescent know all about free carry. I am just out-gouging the gougers
I like to disclose my position when I make changes, most people on hotcopper only do it after the fact. My sentiment is still hold.
I'm in for the long haul, I got overweighted because of the big capital raisings as I said 120,000 shares back then.
It's still 23% of my portfolio just doesn't owe me very much. I would say that's a pretty big vote of confidence in the company.
My plan is to pay off the remaining 40c through dividends, I still maintain that once Crescent finish with their hatchet this company will be able to pay 10c per annum.
Still maybe 12-18 months before they stop starving shareholders of divvies. Who can say?
They will play their buyback games to their own tune. Most of the possibilities have been covered - they have still got a lot of shares to buy but the other option is they can't do more without driving up the shareprice.
Not enough free float so that's it.
They don't give us a whole load of info, just enough to meet the regulatory requirements I feel. Fingers crossed for some signs of improvement - haven't seen much so far.