Personally I’d prefer they didn’t, I feel the share price will recover without that intervention.
I guess the time will come when the cash on hand reaches a level which warrants commencement of a dividend, but I’d prefer they invest the money in acquisitions which will provide future growth.
That being said, it’s all very well for them to say they can invest the money more wisely than shareholders for a better return, but it’s yet to be seen what they intend to spend it on. The Mataura valley purchase and consumer packaging expansion barely dents the cash on hand, considering it was $850+ million at last update, and has likely increased since the last annual report.