Regardless of what happens in the short term I am not selling at these prices.
I still think that these guys will get taken over. The older Hill brothers are in their 60’s and the younger is in his mid 50’s. There is a lot of cheap money around at the moment and many businesses looking for growth opportunities. The right buyer will easily pay A$500-600 mil for these global, growing and sought after brands. Just a matter of time I recon. And since the Hills jointly own 70% it could happen quite quickly.
That is $12 -15 a share.
GLB Price at posting:
$4.29 Sentiment: Buy Disclosure: Held
