This is not a personal attack, but why would you want to wind up...

This is not a personal attack, but why would you want to wind up for a relatively weak short term gain over the long term benefits available over a little patience? - Where would you put your money then? I am not sure if Warren Buffet would see MCW as a qualifier for his portfolio, but it must be dam close. Can you see this company being around for 10 years or more? Returns per unit compared to earnings going forward? Good management? Undervalued? Fear selling? etc.

For me, unfortunately I have gotten in a little too early (av about 19c, but who could pick the bottom!?!). Although I would have loved to have a whole lot more than I have I can't be disappointed. That means I will pay off my investment in 2.5 years at current div levels. At the current SP, the return on investment would be under 2 years. After that it is all profit. I personally, will be in this share for the long term.

Going forward, when some normality return, I am sure that will be lifted again to please the long term retired holders who are counting on this to live of - not to mention a 10x or 20x bagger on the capital gains over the next couple of years.

If you bought an investment property today, it would take 20-30 years to get the return of investment.

I think it will be important to be careful of the gearing as like a few here, the NTA would unlikely to be gained on the market. It may be very hard to control. I think MCW have been very clear on the debt structure.

I am not trying to ramp this, but for the patient there is a lot of upside at these prices.