I sold the last of my TRS shares today as I don't see Allensford increasing their bid on the back of the half year financials.
Also of concern are the rumours of Raphael Gemider's Pact Group needing to do a capital raising in the not too distant future. It makes me feel that he may be reviewing if putting cash into the TRS takeover is such a good thing at this point in time.
News: TRS Reject Shop Sees Full Year NPAT Of $3.1 Mln - $4.1 Mln, page-7
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