Telix ASX TLX Breaking News & Current Commentary, page-97

Definitely agree with you on management. They are top-notch, aggressive but in a very targeted and precise way (aggressive can be negative when it is not well thought out and precise). They have a long-term vision here and everything they do aligns perfectly with that vision. It is partly for that reason though I don't think a TO will come, unless things change to the downside and a potential acquiror sniffs out an opportunity to acquire this from pessimistic holders. It should be fairly easy to see from the outside that management aren't keen on budging and would put up quite the fight. Moreover, it is clear that investors are very happy riding this and would demand a very hefty premium, reflective of their long-term views of the company (and I think most expect a company that will deliver multiples of the current price over the long term). I think we have a company more akin to PME or CSL here, one that will continue to grow long term into a household name that is easily recognisable. Everyone will want it of course, but would-be acquirors wouldn't even bother to try given they know they don't stand a chance.