new offer likely, page-15

Tui,

Imho there's good opportunity for a smarter bid from someone, one which lets the more long term investor keep skin in the game, and avoids them paying CGT.

Obviously a script offer or a script or cash offer works in this respect. But there have been other structures that let the short sighted hand their shares over without having to offer enough to entice the longer sighted, who can then stay for the ride.

People selling their shares on market atm (contrary to advise from the company) are mostly suckers. Hard to think of a smart reason to sell today unless you have the bailiffs at the door.

EL