Jeremy Bendeich, CIO of Avoca Investment Management says boards have been conservative in the past few years but some are poised to pounce in 2014 after...

Jeremy Bendeich, CIO of Avoca Investment Management says boards have been conservative in the past few years but some are poised to pounce in 2014 after accumulating significant war-chests of cash. Specifically he cites four potential takeover targets, which include Equity Trustees (ASX: EQT). He says, The perennial favorite in the small cap space for acquiring things is IOOF (ASX: IFL). They've got a 9... almost 10% position in Equity Trustees They can take 10m of costs out of a business that is generating $12m of profit. That's a big uplift in earnings if they are able to achieve that. There's a reason why they've got 10% of this company and it's not because they want to be friends. Watch the video and his commentary on other potential targets here: