Reading the summary of the last tilt at the company just reinforces the thought Kin Group take another tilt. Strong underlying brands and good sales / cash flows provide good impetus to undertake a turnaround strategy. They have “guided” The Reject Shop well in this process and seen 200% gains in the share price since their tilt.
Sad that current management haven’t been able to get the job done, it will most likely now be taken out of their hands.
https://www.copyright link/companies/retail/raphael-geminder-bids-172m-for-mcphersons-20210325-p57dw1
I’d suggest on offer slightly above $1.34 will get the job done.
Ann: McPherson's Trading Update, page-14
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Last
44.5¢ |
Change
-0.010(2.20%) |
Mkt cap ! $64.05M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 44.5¢ | 44.5¢ | $4.319K | 9.705K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1150 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 22372 | 1 |
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| Last trade - 15.50pm 16/08/2024 (20 minute delay) ? |
| MCP (ASX) Chart |