Seems no one interested here!
But:
- Largest shareholder (with a complimentary investment in Compare the Market) trying to bid 100% premium but can’t come to “terms”
- $15m at bank so cap raise unlikely in ST
- Trail book supposedly worth $0.54/share
- Thorney adding to holdings recently
- Serious volume yesterday, decent today - buyer/seller details will be interesting
- Update indicates things travelling OK
- Got rid of loss making subsidiary
Looks like a no brainer with 50+% upside ST if they can come to terms on takeover. Hopefully not the major S/H selling!
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- News: ISU iSelect Says IHA Notified Co It Was Not Proceeding With Proposed Takeover Offer
News: ISU iSelect Says IHA Notified Co It Was Not Proceeding With Proposed Takeover Offer, page-2
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