Agreed, but I suspect those share holders holding JST long term would be happier with Solly Lew running the show than the current board which is not doing such a fantastic job (see downgrade). I know I am.
Therefore if you like JST long term and wanted to hold, wouldnt you be just as happy to hold with Solly Lew at the helm? Afterall, if PMV takes over JST, it doesnt change the asset, just the way it is run.
Those in it for the arb may sell straight away, but the stock would have to drop down to about $4.56 for the trade to break even. I'm pretty sure there will be plenty of insto's that would soak up the stock before it got to those ridiculous bargain levels.
JST
just group limited
