Macquarie valuation of $1-21 is about right given the strength of KUPE. What is very weak is public preception of leadership.DS decision today to quit by end of year will just reinforce that public perception. I am at a loss to understand why he wants to leave now that his personal overseas plans are getting realised.That was his baby and now when it is just getting underway he abscones. Sadly the public will see this as a rat leaving that ship thing.Only Ds can say from the inside if it is a sinking ship as his departure in these hard times will imply.
He was over rewarded with generous free shares in the short time he was at the helm so his departure package should reflect the SP preformance during his term of office.With that i guess he will have to refund about 90% of all received.