The CEO has made no secret about industry consolidation. His entire share based incentive scheme is based on it. Once they report the H1 results, I think they will be literally opening up their books. There is more than one party interested as we saw last time.
I have been holding this stock since the after the first deal fell over a couple of years ago expecting a TO will eventually happen once ECX cleaned up its directors, management and sold off all the overinflated non core businesses they bought over the last 5 years. All is now complete and just need clean H1 report to prove the business strength, There are way too many synergies to ignore in this business. Will be within 6 months, IMO. DYOR.
Oh and given the CEO's background in the ECX business at UBS, you know the business has been setup for maximum sale price. He knows what the deal makers are looking for.
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