Ann: Directors' Statement re Takeover, page-6

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rt168

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23/12/18

16:58

Post #: 36947579
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Originally posted by kdwc: ↑

I hope that is indicative of other TRS stores!!!!

here is a link to an interesting story:
http://www.switzer.com.au/the-experts/michael-mccarthy/lose-little-win-big/

which states:
TRS shares are trading around $2.75. The backstop of the takeover bid means investors buying at this price have a limited loss potential of 5 cents per share, at least until 7 January. They can simply turnaround and sell into the on-market bid at $2.70. However, if another bidder emerges, or the shares simply recover some ground lost over the last nine months, a TRS shareholder may see significant further gains. This limited loss, higher potential profit structure is a neat example of the one-sided risk that can deliver portfolio outperformance over the long term.

(Note: The date of 7 January is now 22 January).

So that begs a question: why aren't more investors buying with such limited down side risk?

Expand

when is the next trading update due? At current market sell-off sentiment, sure there is very limited downside, but investors are perhaps not seeing much upside either (hence, they don't even bother unless there is potential catalyst).

TRS Price at posting: $2.73 Sentiment: Hold Disclosure: Held
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0 Great analysis

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Ann: Directors' Statement re Takeover, page-6

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