Unfortunately, it probably is now only a matter of time before they are taken over, because they have gotten the revenue up to a level that will cause some interest, especially with the expansion into Europe and the USA, and the 5G interest that is likely to only ramp up globally over the next 2 years.
The board has done a good job, though I expect they were somewhat upset with the remuneration result. I wonder if this is a response.
It might be time for a major to simply come in and buy out only Stewart's shares, if he is interested. This would be a very positive move, especially if it was a global major player. Otherwise, I do expect further board renewal in 2019, but not sure how much.
It's got to be a screaming buy though, at these prices, and I have been doing just that. For example, anything under 70 cents is the steal of the century (and hopefully that proves to be true).
I would be disappointed if the company was completely taken over for $1.35 a share, it still way undervalues it. I would rather see a major player come in and just buy Stewart's 12% for $1.35 a share, that would be fair.
Gw
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