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.
Average buy price.. $2.709.
Average sale price...$2.627.
Well at least they received good dividends which would have more than offset their trading losses.
Yes looking strong at over $2.80,[currently trading at $2.85],and cum a fully imputed 4 cent divie,ex 17 January and payable on 30th January.
Well done to those who were savvy [or brave enough] to buy under $2.20.
Bookmarks