Now that's interesting. Allen Grey is now a substantial holder....

Now that's interesting. Allen Grey is now a substantial holder.

I'm never sure if I read these things correctly but it appears they bought right up to the profit announcement and paid on average $1.74 per share, hmm they must of saw value at those prices.

Boy talk about bad timing.

These are value guys who are generally pretty thorough and do their homework on the fundamentals before they invest and generally in for the long haul. They can also be activist, I have seen them in action. I don't think they will be accepting any low ball bid from Novomatic without a fight

The question is are they buying more or have they realized their mistake and are getting out?

Tomorrow's price action might be telling. Game on.