Hi Guys, Likewise, I think that this is a hugely positive signal...

Hi Guys,

Likewise, I think that this is a hugely positive signal that the PGR sell off is over done. Colosseum will have access to more data than any of us regarding PGR's performance and for them to increase their holding at these prices suggests that they see value.

It removes the prospects that their holding was an overhang and at the same time increases the prospects that they do indeed have another go at acquiring the company.

I think investors can treat this as a low risk investment based on the balance sheet, margins, sales, online growth and loyalty programme growth - investors can sit back and enjoy the juicy dividend and wait for a possible TO offer to be lobbed in.

Cheers
John