Sure seem to be heading that way, some big fund is in accumulation mode by the looks.
I don't think it is CMO. I know the chair of CMO and that is not their MO. The TRA question (merger/takeover) was actually asked at their AGM 3 years ago and was put to bed quick smartly. The two business models are totally different as well. (not that that matters). But can't see it happening. CMO do not have the warchest to be able to purchase TRA and as its a reasonably closely held family company (60+ shares are held by family interests) I do not see them doing a call on capital to fund an acquisition. Nor do I see them doing an issue of CMO shares to TRA holders as that will water down the family's interest. But interesting speculation no doubt.
Salt doing a bit of selling.
http://nzx-prod-s7fsd7f98s.s3-websit...844/313839.pdf
Inching close to that magical $3 mark....
Love it up 30% for me plus nice dividends