IPG price action, page-126

The complexity of its business helps to establish barriers to entry.

Large foreign conglomerates in IPG's fields of expertise may eventually regard it as an M&A target. The difficulty for peasant retail holders is that one then has to find somewhere else to park funds previously invested. While a cash offer at a premium to the SP is superficially attractive, in the longer term it's preferable we retain majority Oz ownership of well performing listed companies. Good new listings on the ASX have recently been rare.

Hopefully the large Director holdings will see any takeover offers rebutted given IPG's ongoing potential.