Dumas - Unfortunately, the small shareholders have only themselves to blame? 54% of total voting power did not vote at the EGM. Allowing the broker to deliver a bloc of his clients votes to win the day - won the day with only 27% of total voting power. That 54% could be on holidays, lost their mail, did not care etc etc. But they unfortunately bear some responsibility.
CTN launch another bid for CGA? Dumas- its exactly their MO. The directors of CTN and CGA are all clubby. They will easily find an IE to bless the deal.
Perhaps GW will step in?
Another possibility is for CGA directors (ex George BooBoo) to realise that the captain and his team must walk the plank? CGA can buy NAOS with scrip. It will be a reverse takeover. Most of CGA staff go. NAOS runs the show. Better performers. More than $500m of high earning, more sticky LIC money.
CGA Price at posting:
90.0¢ Sentiment: None Disclosure: Not Held
