http://www.4-traders.com/ANOVO-4601/news/ANOVO-Recovery-projects-13845059/

As an investor, I doubt we will get any good financial returns from Regenersis offer on Anovo

First, the two companies are not on the same business segment, Regenersis is on a low-cost strategy while Anovo is not;

Then, Anovo is at least three times bigger than Regenersis;

And finaly, Regenersis is losing money: loss of £791m (Annual Report to 30th June 2011, p.30)
http://www.regenersis.com/content/images/fromassets/100_702_300911182418.pdf

The company offloaded its phone recycling business in France and closed the UK recycling operations at Thurrock in Essex
(http://www.hl.co.uk/shares/aim-and-small-cap-news/aim-bulletin/archive/regenersis-starts-new-fiscal-year-on-front-foot)
How can they afford to spend millions of pounds on that bid?

What's your opinion and analysis?

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