"Why wouldn't it, clearly Allensford think it is good value?"
Yeah.
At $2.70.
But that doesn't explain why it should trade much above that level
"It is not out of the realms of possibility that TRS ciome out with strong Christmas sales figures and Allensford bid price is then way out of the market."
Maybe.
Maybe Not.
But, again, that doesn't explain why the share price should trade much above the $2.70 bid price. I mean, had there not been a $2.70 live bid, where do you think the share price would be today?
You keep saying it should trade much higher than it currently is but are unable to give any concrete reasons why.
TRS Price at posting:
$2.74 Sentiment: Buy Disclosure: Held
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