Interesting observation in webcast that most properties have had substantil enquiries - so why submit to a takeover ? Why not just free up certain assets....and plug on with the tunraround. I don't think a t/o is on the cards - just certain assets may be sold (not necessarily just property assets - and subject to it not affecting bank covenants).
I think SP will just languish around 45-50c mark until we get some positive upbeat news - today was already factored into SP.
I have sold until SP fall to 45 or so...
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- take over more like now or not
Interesting observation in webcast that most properties have had...
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