Australia's largest stock trading and investment forum Australia's #1 stock forum

TRS

Click for more information

0.35%

$2.88 the reject shop limited

Ann: Intention to Make Takeover Bid, page-67

First 67 Last

Share
Profile

Follow
LuckyBloke

187 Posts.

39

06/12/18

16:39

Post #: 36774436
Share

Originally posted by madamswer: ↑

"what's the option then? Sell out and go away?"

Not sure.
And when I'm not sure, I think "do nothing" is the appropriate thing.

If I thought these guys had the ability to sink the company, I would be gone, but it is too strong a cash flow generator for that to occur.

But what they also have no ability to do is to turn the ship around, in my view.

So, here's the way I'm playing it:

If the company gets compulsorily acquired in coming months, well then there's nothing I can do about that except take my money, pay the capital gains tax (without any 50% discount because I only acquired the shares recently).

And if the would-be acquirer walks away, well then the share price falls back to $2.00/share and shareholders will have to act to bring about change in management and strategy, which is a long, drawn out process to the restoration of value to shareholders.

I will be more than happy to do my share in that process.

Expand

You'll get my vote if you want to make a tilt at a Board position...

TRS Price at posting: $2.77 Sentiment: Hold Disclosure: Held
7 Upvote

1 Great analysis

Reply

Top Stories

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Making money: How many microcaps should be in an investor's portfolio?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

There are more pages in this discussion • 140 more messages in this thread...

First 67 Last

Add TRS (ASX) to my watchlist

(20min delay)
Last $2.88		Change -0.010(0.35%)		Mkt cap ! $107.3M

Open	High	Low	Value	Volume
$2.95	$2.95	$2.88	$48.03K	16.56K

Buyers (Bids)

No.	Vol.	Price($)
6	6297	$2.88

Sellers (Offers)

Price($)	Vol.	No.
$2.97	5350	1

View Market Depth

No.	Vol.	Price($)
6	6297	2.880
2	557	2.870
2	1210	2.850
1	1000	2.830
1	3546	2.820

Price($)	Vol.	No.
2.970	5350	1
3.050	1879	1
3.100	6613	2
3.110	1487	1
3.140	8598	1

Last trade - 16.10pm 31/10/2024 (20 minute delay)

TRS (ASX) Chart