2017 AGM, page-36

Gee Risk.... my perspective on the dividend comment :.... last AGM they said they were mindful shareholders wanted a return to dividends and it was on the “to do list”
As you said, this year they announced directors considered integrating Golding to be a more value-adding strategy.
FY 2019?
Well unless there’s some kind of irresistible opportunity seems there are going to be no more acquisitions.
FAL is apparently well on track.
Everything else - ditto.
We are genuinely doing very well at the moment.
The corporate notes across the super funds was a financial coup for them in terms of debt management...

Reasonably I think we might be asking the question “how much will it be? “ rather than “what if?”

That thinking is partly based on the logic that when most institutions bailed, CBA and Westoz apparently stuck with them through the bad times.
Those entities have basically had two opportunities since to feast heartily on discount share prices in the cap raising ...
But if you are a bank or a fund when is enough ever enough?

Management is very conscious of the needs of the big players who have supported them.

Cheers

Ps nice to get home change back out of the dress