Yep, that was in my cut and paste post the other day. Also in that post, is this comment from the GS anayst:
In a note this morning Goldman Sachs analyst Mike Younger put it well saying: “Today’s news is surprising on all fronts and, while we view much of the business as running on autopilot given the resilient nature of the business and solid growth drivers, it could prove disruptive at a time in which the business is seeking to address key challenges relating to the development of the new Compliance technology platform and building up of the relationship with Standards Australia ahead of contract negotiations to extend the current exclusive contract from 2018 to 2023.”
Suffice it to say all bets are off and the PEP bid is unlikely be the only offer now the company is in play.
SAI Price at posting:
$5.24 Sentiment: Buy Disclosure: Held
