I feel that if A2 believe in the price of Synlait being fair at $10.90 why don’t they slowly buy more at these prices. They have the cash available
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Well I just posted this on the Synlait thread,but same applies here:-
It's all about timing ATM took the position about a month before Jayne sold ATM down the river,Had they known they were going to be stabbed in the back I don't think any shares would have been purchased full stop.
I topped up on 3/10/18 at $11.26 around about 1.30ish, hour later it had dropped 20c. Am finding it best to top up late afternoon before close. Then when you think you have the bottom a2 on ASX drops another 10 or 20c after our close:). So then you go through the process again the next day.
I think you guys are missing the signals. In a year's time Jayne will be lauded as a hero. She sold her shares near the top knowing the company was ridiculously overpriced and that information was made available to all shareholders in a timely manner by the NZX press release outlining exactly what she did. A very timely warning for all who heeded it. Yet some coalminers don't believe in the canary theory, and ignored the silencing of Jayne's sweet song.
Joining ATM and moving to the helm of NZ's largest company by capitalisation will allow recognition of her great service to both company and country. And doesn't the moniker "Dame Jayne' have a lovely ring to it? Watch out for that in the New Years honours list!
SNOOPY
The tide might have turned .. was looking pretty tempting down around $10.30