While there was always an element of inevitability about it, I'll be really sad if this company ends up being acquired.
I believe that the new chairman and CEO have commissioned exactly the right strategy for a significant increase in the value of the business.
I like the board, I like the executive alignment with shareholders, the balance sheet is in fine fettle, and I like the prudentially-padded, conservatively-stated financial accounts.
I also like the $50m in franking credits.
It therefore makes perfect sense to me that moves are being made on the company.
However, part of me believes that the company will end up being worth more as a standalone entity in one or two years than what it might end ip being acquired for in the short term.
Secretly, I'm hoping a deal does not eventuate, but the truth is more likely that a biding war erupts for it.
WHG Price at posting:
$1.08 Sentiment: Buy Disclosure: Held
