But: - Largest shareholder (with a complimentary investment in Compare the Market) trying to bid 100% premium but can’t come to “terms” - $15m at bank so cap raise unlikely in ST - Trail book supposedly worth $0.54/share - Thorney adding to holdings recently - Serious volume yesterday, decent today - buyer/seller details will be interesting - Update indicates things travelling OK - Got rid of loss making subsidiary
Looks like a no brainer with 50+% upside ST if they can come to terms on takeover. Hopefully not the major S/H selling!
ISU Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
