@roboshanCompetition (maybe between FredIT and Jonas) always...

@roboshan
Competition (maybe between FredIT and Jonas) always makes for higher prices for the seller. Yes, I wondered about Telstra with 100% of Fred as well continuing control, would mean they have flexibility to finance any corporate action. Putting all these thoughts together, my guess is that if PHX can produce some reasonable numbers, it has a significant value and our Mr Bastas will ensure to extract the right price with his blocking stake. If one excludes the legal costs, my understanding is that it was profitable last year and will also be this financial year. Add to that some growth into 2025, then this might be worth multiples of the current share price.