Ann: Transfield Services receives further proposal from Ferrovial, page-11

I agree. My comment on hindsight was not a response to your question about value. It was a response to your earlier post about TSE not being perfect and 'falling'.

I simply gave my view on where I see value. Yes it's just my belief. However, to keep it objective (not that we have to, trading is largely about subjective assessments):

- TSE did reject the bid, that's a fact. Read into it what you will.
- Recent changes in substantial holdings:

	Date	Shareholder	Shares Bought
1	09/12/2014	H.E.S.T Australia Limited	26,375,345
2	09/12/2014	The Goldman Sachs Group, Inc.	28,455,144

Well I'd rather not say in case of breaching license agreements etc. It's one that many professional investors use to analyse company fundamentals. I don't regard consensus price either, but it is another indicator we can look at.

Get on board the TSE train. You know you want to.