I know you are right Waiken but I hope the market understands this logic - it is disappointing at the moment, to think that the value of PMH may not be unlocked in the short to medium term. I also think your view about the long term major holders being patient and awaiting the windfall that they foresee, is true - lets hope they ensure the management toe the line in this regard. I saw the management response as an invitation to others to bid rather than necessarily a firm commitment to sell, given that it is shareholders who will need to vote for it before it can ultimately proceed.
PMH Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held