kirk building his stake, page-5

re: cix goldman sachs tiger - will keep you posted. but my concern is that they may not be being as disciplined as you would hope on underwriting. . . . time will tell.

HOWEVER, doubt that they will blow up badly, and if the business struggles a bit possibly just increases chance of a takeover. Franking credits + cash mean that any takeover should be priced at decent premium to current share price. 50 cents?