I got the gist of your earlier post ….and this one. Quite insightful.
Don’t fret over being misunderstood by some.
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Bit of mini break out by the looks, hopefully followed by some news around corporate activity sooner than later.
I suspect that PPH and the potential acquirers couldn't agree on a price. Why would the directors of PPH accept, say a 30% premium as being in the best interests of shareholders when they can see the growth the Catholic opportunity is likely to bring.
They're getting organic growth, cross-selling, able to fund development and any future acquisitions (depending on size) . Not a lot missing, except recent growth has been disappointing.
The Australian reporting there is increasing speculation the buyout is close to collapsing, centred on bidders returning with lower bids than the Board would like
Given the incredible lack of updates out of the company I reckon probably spot on