Autosime
plse tot them all up ......(bodella / delhi / anzon / itc / Adelaide energy etc etc .....)
ditto for DLS .....
this is why ROCE is "low" for both entities ......
to add value for shareholders - acquisitions need to be "cheap" .........
neither co has really done this (arguably)
rgds
V_H
Ann: Investor Roadshow Presentation, page-38
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