Ann: Trading update, page-15

Personally I think the most sensible move for TRS management to make is suspend the dividend and instead buyback shares, put a bid on market at about 10 cents above the offer price, announce that it will be in place for a year and let Allensford make a real move.

They may be patient but not that patient and I don't think an on market order for 1m shares at $2.80 would trigger any sales, probably safe to lift it to $2.90.

There would be absolutely nowhere for Allensford to go, at this point the ball is in our court, we need to place it squarely back in theirs.