T.E.P....Outstanding post and spot on!! We have had many insightful posts from various punters(SaintEx)...but this one has a very very compelling storyline. The glaring cheapness of RBL SP is on display for all to see. By this I mean, RBL would clearly be on the radar of most Private Equity firms that focus on tech or other industry peers like ETSY. I do not have faith in Australian based fund managers to recognize value, as their expertise is not in serious growth companies like RBL...but rather low growth mining companies and banks.
I appreciate RBL has mentioned it will announce a new MD...but MD/CEO are easy to replace with a takeover provision in their contracts. Martin has done a great job for 13 years. Hoping for a 7.50 to 8 dollar bid sometime over the next 6 months. Enjoy the ride in between. IMO...
RBL Price at posting:
$4.49 Sentiment: Buy Disclosure: Held
