Can't be past 20% as they would be obliged to make hostile takeover offer. Hate to rain on everyone's parade, but I don't think Compare the Market are interested in taking over iSelect (too many ACCC issues). In my opinion, this is just a ploy to stop anyone else. I hope I am wrong, but it just doesn't make sense for them. In my opinion, they bought up big because it was just so cheap.
Ann: Change in substantial holding, page-12
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