investors dilemma, page-2

kiwitrev,
Tinkler (self) has no shares and no material interest in CWK, WHC 'inherit' Boardwalk's 17.3% position.
So WHC is ideally placed to launch a takeover especially given that Vickery South is their neighbour and has rail access.

Tinkler would like to off-load his 20% WHC position and in my view the addition of CWK assets makes it more valuable than it would cost them to acquire. So beneficial for him in the long-term.

At the last AGM, majority shareholders showed their dissatisfaction with Board and management by voting down all resolutions other than re-election of Ian Craig (Nathan's man).

I suspect that the same will happen soon which will make it easier for WHC to complete a takeover.

In my view this is welcome - others feel that the current Board and management are doing a good job and wish for continued independence.

Time will tell ......