RDF redflex holdings limited
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  1. asf
    9,887 Posts.
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    12/05/11
    16:52
    Post #: 8392409
    Hey there, PG. Simon Marais of Orbis used the same argument you have used, when becoming a major shareholder in Tassal Gruop- he said if a takeover offer of $1.90 was knocked back by the company, then it must be undervalued at its current SP. This may be the case for RDF, also (like you, I'm no expert).

    We went up a tick or two today, which was encouraging. Welcome on board, PG.
    RDF Price at posting: $1.85 Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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