Someone has put a massive(500000) sell order on the market at $8.50. Is this a signal to the sniper's of what they would have to pay? Seems a little pointless putting the order on the market otherwise.
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Would love to see them snapped up.
That would focus the market's attention.!!
so an independent valuation report presented to the agm to take away the focus from a earnings downgrade
and now the paper says archer no longer interested
http://www.nzherald.co.nz/business/n...ectid=11164274
and now a problem how to unwind a position without stuffing the market up ... event ridden reason for buying gone so out the door they go
Thanks for the heads up.
I am no longer an ABA shareholder.
I'm not entirely sure I understand the reason for the current battering? (to be fair, I haven't followed this thread for a couple of months)
Am I correct in a very basic summarisation that someone wanted a full takeover, but ABA said no, got a valuation that seems pretty amazing, and now the takeover guy has pulled out? Is the drop in price due to an expected rise in price should the takeover go ahead, but now that it's off the table? Shouldn't the independent valuation still stand as a price guide?
I think
archer sold out all their shares.