Takeover target, page-14

Roger what do you make of all this takeover talk that's been going around lately

Personally, I don't see it. Allen Grey has sunk about $25M since the beginning of the year. If they bought in on the prospect of a takeover then the stock price would need to be way north of the current price for them to make any sort of real money to justify the risk. When they started buying the price was near $2

My view is if you outlay that much money then you would of had lots of chats with the management team and in for the long haul. I think they must like or believe that Novamatic is a benefit to the business.

Just my thoughts.