Originally Posted by
CJ
But it has to be a distraction. Given it is such small part, you wonder why they just dont liquidate. It will probably be a long time, if ever, for them to see a gain to warrent the long holding period.
If you go back far enough, Morrison and Co set up a separate company to invest in Australia and overseas (Utilico???) but it flopped. They have now figured out Australia but they should have stayed in this part of the world, not boosted their egos but operation in Europe as well.