re: 90c capital return In it since 1984 and still punching....

re: 90c capital return In it since 1984 and still punching. Greatest triumph over Arhidas on the Resolute convertible notes was my finest moment, older members of hotcopper will remember this one for sure. My special area of expertise is "reading between the lines", that is why I had to shoot down your comments as you were not reading the situation correctly, and also the MD would risk his reputation, and most MD's would not do that.

Your point of buying a share in the SNX business for almost nothing is the crux of the matter and is spot on. I don't quite think they will return 90 cents a share, it will not leave enough buffer. But 60-70 cents a share may be closer to the action. Only a matter of time I think before there is action. The interest earned on the $100 million or so has masked the fact that the business was not earnings positive whilst it was in a building up stage. It appears (according to them) that this building up stage is coming to a finish.

In await with interest the outcome of this one.