Bonza Boy, you have a very good point there. Huge volume of sellers today yet there were still buyers in the late 60's and not traders. (I wonder if directors were sold today?)
The announcement today effectively puts the business on the market. Hopefully this may flush out higher bids.
The loan book and client base is significant and must be attractive to the bigger players. RHG may lose their business however the cash will allow them to make new acquisitions. Will be tough though, no doubt about it.
von.
RHG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
