I agree AN, have said this before but was shot down by a regular...

I agree AN, have said this before but was shot down by a regular poster because it "didn't fit what they were telling us"

The inorganic growth strategy is an attempt to add some attractiveness to the co through identified opportunities while simultaneously avoiding the appearance of a fire sale. Why a small co like Otto would attempt to buy opportunities at the top of the market is beyond me. Industry consolidation is looking more likely by day, which points to Otto sale being more likely IMO. Surely everyone wants the value of this co to be realised through a sale, including our biggest shareholder.

Would be interesting to see Ottos Cashflow numbers plugged into the ROI equation C'mon put up last week. EBTDA less admin costs would have to look pretty attractive right now.