RogerB, looks like you & I are amongst the few with any interest in this one.
I agree a T/O could be on and the right offer may not meet much opposition, ROK was above $6 prior to the GFC & simply has not recovered in line with it's peers. Management must take responsibility for this poor performance,of course they will not, but instead offer changes due to resignation / death ect & other lame excuses.
I also agree the Wide bay for one is powering ahead but perhaps ROK would be too big a bite even for them. With the two most recent (2010) Board appointments ex Suncorp an offer from them that would be my tip.
My belief is that FirstMac cannot make a T/O bid as they are not an Authorised Deposit Taking Intstitution regulated by APRA. Your comment of "exerting considerable influence" I suspect translates to seats on the board, on past history that is Mission Impossible.
ROK Price at posting:
$2.56 Sentiment: Hold Disclosure: Held
