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?

Medibank down 18% on further details of hack impacting nearly, if not, every customer past and present.

There is still the question of who and when the person responsible will be caught - of course that will be confidential.

A fairly serious data breach with at least the date of birth and medicare number details leaked, would be interesting to see how the criminal was able to obtain so much personal data.

Policy holders growth a slim circa 2%pa MPL Investment Portfolio: composition

Strong result reflects growth across our business alongside ongoing cost discipline

FY23, Some policy growth expected

Final dividend 7.3cps Fully Franked

2924-02554522-3A599338 (markitdigital.com)