It's not exactly a cash box, but really they should talk about capital management in terms of getting the best return from assets (whilst taking a conservative fiscal line). Currently though it isn't conservative as much as opaque as to their intentions in the future.
Given the horrendous IO market we have had in the past few years, it has been a good thing to not do a BCI and buy something at near the top of the market, but maybe expanding the horizons and being clever in buying into new projects or as you point out just handing over some funds as a special dividend wouldn't hurt.
We need to get some greedy hedge fund involved to squeeze the bejesus out of them (just kidding).
I deplore hedge funds and PE with a passion!
It's not exactly a cash box, but really they should talk about...
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