Everyone on this forum seems to be very concerned about the 13.5cps takeover bid. yes very undervalued to say the least. What i think is more important and has yet to be picked up is that CBH have inticated they are in discussion with a number of parties.
They released the price sensitive ann on market speculation admitting to talks with Nystar and nil talks with PEM. But that does not mean there is another co. or possibly more who are eyeing off CBH. What management want and have done so accordingly is to give the market a taste that will keep many punters watching this puppy for bigger things to come.
My guess is this is only the beginning. watch this space
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