Interesting to see Cooke Inc continuing to accumulate Tassal around the same price they made an offer (non-binding, indicative, incomplete, conditional etc.) to buy out the company last month. The offer of $4.85 was rejected by the Board but the share price immediately appreciated to that level suggesting the market thought a superior offer might be forthcoming. If Cooke do intend to up their bid it makes sense to take some shares out of the equation at lower levels. I think there is a very good chance that Tassal will no longer be a listed entity in the next 12 months,

In my ongoing (and frankly losing) war on the use of questionable accounting measures I present to you Tassal.  Flat on an EBITDA basis year on year, but up 21% on a 'controllable EBITDA' basis.  

Hey Andrew, my Strawman performance is up 2000% on a 'controllable' basis.  Do you mind fixing that up for me?  Now if I can just get Nabtrade to update my RL account...

[Not held]