Classic target

  1. 8,786 Posts.
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    I know I will be jumped on, but this is a classic situation for an opportunistic takeover of YOW.
    I have read over and over that predatory takeover specialists are attracted to targets with specific characterisitcs:
    - poorly performing SP ------> witness daily new 52 wk lows
    - sound underlying business ----> sales increasing 85% -90%, and b/even looming
    - upheaval of Board and /or mgt ---> no articulated refresh, or plan
    - vacuum at board level ----> no replacement Chairman or new director
    - board dominated by Exec directors ----> need non-execs and independence
    - perceived poor performance of board and/or mgt ---> even bigger s/h complaining
    - the ability to turn the financials around, cut costs and waste ---> salaries and admin
    - the ability for predator to install own Directors and review mgt

    plenty of examples.
    just look at Bellamys - drop in sales/np etc. board sacks M/D, vacuum, big s/h launches spill.
    low SP, vacuum at Board level, poor perception in ASX, business sound with real growth potential, plenty of cash !! , opportunity to cut waste and costs, opportunity push real growth in products and geographical regions etc etc.
    wide open Register (FIL would bail out if they can make money ! that's their business)

    a sitting duck
 
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