Hello all,

Any thoughts regarding MPL. I've been a RL shareholder since the IPO and according to sharesight it has returned over 17% p.a over that time. A surprisingly good return given the sector it is in. My instinct suggests it is unlikely to continue to post such good returns in the future. It is more likely to stagnant and provide modest but reasonable safe returns in the medium term.

The original purchasing thesis was built upon two concepts. Firstly, the government usually sell off good assets too cheaply. Secondly, the government can't afford to let private health insurers fail, as this would present a massive challenge to the already stretch public health system.

Continuing to hold in RL no longer fits into my investing style, but I am struggling to hit the sell button. It provides exposure to the health sector and is very likely to exist and be bigger in the future, especially if we continue super high levels of immigration.

Any thoughts good people of Strawland?