somewhere in the news today either smh or the age, a broker has a min takeover offer of 17 a share, and suggests it could go to 30, and spells out the reasons why the buyers are still out there, huge profits to be made, current management including woolies, are below par compared to US same business , in the US they make 3.9% profit, and the two bigs ones here make only 2.1 and 2.7, huge difference doubt we will have to wait for fletcher to achieve his goals cheers
CML Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held