dct, you could be right and a full takeover may not be in the wings, but I still reckon Coliseum will want to increase its shareholding north of where it is now. And why not, looking at the great returns ( dividend) the company is providing. I checked back the timing of the last bid in 2015, it was several days after the stock went ex-divvy, can't help wondering if they might try again when she goes ex-divvy on Sept 15, given share price is likely to retreat a bit being ex-divvy. But its pure conjecture and as you say, I would imagine they are keen to retain current management team which seem very solid. Penetration into US market will be great to see.
PGR Price at posting:
72.0¢ Sentiment: Hold Disclosure: Held