Ann: Proposed takeover offer by an entity associated with BBRC, page-21

Agree Urbancoyote. A couple of months.

Currently Tax loss selling, the Allegro overhang, and general market weakness are holding back the share price.

By July, Blundy will be in control, the new well-regarded CEO will be almost starting, and general market sentiment may have turned. Anyone very keen to sell would have done so, so a technical air pocket may develop and see the share price pop in a vacuum to above $2.00, as any residual selling left between $1.89 & $2.00 would be overwhelmed by modest buying. Classic Chart analysis. Safe to assume that anyone still in the stock by July is there for a while at least.

And while the takeover is on, there is an effective free put option at $1.89 (which may be needed if economic conditions worsen or if the whole market takes a dive). So at $1.91, you only have 2c downside and unlimited upside.

Plus one can’t rule out completely another bidder. A few stocks this year have seen second bidders arrive. It looks like a great risk/return setup.

The very successful and experienced Blundy is buying in huge volume at $1.89. $1.91 looks like a great entry point.

20c Dividend is a 10.47 cash yield, or 14.96% including franking.

No bank debt.

Rising interest rates and cost-of-living pressures has see BSTget new more affluent customers. This trend should continue.