How much profit do you think billionaire Raphael Geminder thinks he can make out of taking over TRS?
He puts up around $78 million plus a few million expenses so he must expect at least 25% and hopefully (for him) 50%. His Pact group is not going so great at the moment, so why would he want to take on a retailer who he lists in the takeover offer as having a risk for shareholders, namely:
"the possibility that trading at TRS stores continues to be adversely impacted by the challengingconsumer environment and competition from other retailers."
If that's a risk for the current shareholders, surely the risk will be the same for him.. I think he sees a substantial profit at his offer price
Cantankerous James
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Last
$6.66 |
Change
-0.020(0.30%) |
Mkt cap ! $248.8M | |||
| Open | High | Low | Value | Volume |
| $6.68 | $6.68 | $6.66 | $929.4K | 139.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5727 | $6.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.68 | 72861 | 3 |
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| Last trade - 16.10pm 26/06/2025 (20 minute delay) ? |
| TRS (ASX) Chart |