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25/08/17
15:53
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Originally posted by Brent3939
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Will the take over ever happen? It seems to be a cheap buy with lots of upside. SFH should ditch some of the ' less fashionable' brands, reduce the number of stores and make a real go of the internet now they have an expanded product range with Rivers and footwear.
For the time being the only was to make money on SFH is buy on the dips and get the average purchase price lower.
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IMO possible buyers are waiting to see fy result. If its improved on last year then 0.700 offered in feb would be on the low end of the real value.
But then would we want a takeover at 60c if company delivers 10 mil npat n aud is tailwind in 2018? Tuesday will be a judgement day.