SRF 0.00% 6.8¢ surfstitch group limited

Crown are no muppets, you dont get $50m of GBST shares and sit...

  1. 34 Posts.
    Crown are no muppets, you dont get $50m of GBST shares and sit on the board of a very succesful IT company by being a mug. $50m is serious money, and all the shares have been sold, and the board seat resigned from, which certainly indicates that SRF is their target now. So you cant underestimate them. They want SRF but arent prepared to pay, and you cant blame them I wouldnt pay up either. So the only thing that will save SRF is selling SHI for a good price, and better operating results. If they can do that then the share price will head back up, if not it will probably sit around 20c and could be taken over for probably 25c. That would be a poor result as the company has a lot of potential. It would be nice to see some positive news in the morning but it is probably too early still for anything concrete.
    Last edited by TheSeaDog: 15/11/16
 
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