The Alinta mess

How patronising...shareholders don't know what's good for them and can't be relied upon to take the money and run. That's the message from the Alinta Board in rejecting Macquarie's bid. It's absolute rubbish. Seriously, if shareholders can't be bothered taking an interest in their investment it's their problem, go and buy managed funds.

I'm quite happy to take the cash and bolt for the exit, I've got zero interest in taking shares in various structured entities of which I have no idea how to value: are we seriously expected to take the word of B&B that these companies are worth what they say? Talk about conflicts of interest.

There's probably a few Fincorp investors on the Alinta register too. Bet they'd be keen to get their hands on the cash so they can throw it at some other dodgy scheme.