Yes. Prima facie bid price looks low and opportunistic....

Yes. Prima facie bid price looks low and opportunistic. Perlstein and Cotton on appear to be in favour and if you add in Miller it gets to roughly 40%.

Need half year numbers to be able to assess properly. Anything short of 6 times ebitda is a steal. Awaiting more information.

If bid price is justified based on share price trading over last 6 months alone then bid can go back to the Middle East for further consideration.