Mate not sure who will tap out but there will be blood IF a bid...

Mate not sure who will tap out but there will be blood IF a bid fails to eventuate...

Being on track means for FY18 nothing - ISU is not worth $186M with EBIT of $10M whichever way you look at it... there is value in the business only from a cost out point of view - hence market anticipation of a bid from "multiple parties" is keeping this elevated for now...

I note a couple of years back Providence Partners did look under the bonnet and walked away... so I am not too sure how things will turn this time....

Preparing for the worst but hoping for the best GLTAH