Are you referring to NZL or ALF?
NZL in my humble opinion is financial wizardly of the highest order, a company contrived and then saddled with a management contract that at the stroke of an IPO managed to make a lot of money for the owners of the management company which was immediately valued at $xm. ALF bought a piece of this off the "originator" and now owns 100% of this.
Not sure who is on the board of NZL but if shareholders don't like it, they can always vote them off.
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