Mm

... towards, um, private as well, which is great.

Um, so do you have any kind of personal predictions? And I'm always wary of those, but I am curious about it, um, around what might happen for the New Zealand Stock Exchange over the next few years or so.

And it's probably a, there's a two-part question.

W- what do you think is going to happen, and what could be some things that we could do to improve that environment, that, that kind of state? Yeah, look, it, I mean, it is, it is hard.

Uh, New- New Zealand's a small market, and the competition for capital is such that, uh, you know, if you look at the returns, where have the returns come over the last few years? Certainly not in the New Zealand market.

There have been some, some high-performing stocks, but, uh, but you needed to be quite an astute stock picker to, to pick those.

Interesting.