As in other downturns debt will be the killer for companies.
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Pretty decent run today on good volume...
Twinning with ATM again or something else...?
Not sure if its A2 increasing their stake or worse is behind, confidence seem to be coming back into this stock.
The pending court case is not going to get resolved in the current lockdown climate (ie hardly a priority)......might make the respective parties more motivated to reach a good deal.
Let's hope.
Hardly any more shares A2 can buy without having to make a takeover offer. It is certainly not them buying. Theoretically they might have "friends" in the market doing it for them, but I am pretty sure this would be illegal - i.e. lets exclude that option either.
Obviously - it might be possible that some insiders think to know something about the negotiations around Pokeno ... leaky boat?
More likely in my view however that some funds are preparing for the big March 31 window dressing event - and FOMO investors running with them.
If it is the latter, than April fools day will be revealing.
http://nzx-prod-s7fsd7f98s.s3-websit...456/319398.pdf
Look at the last comment A2MC has no plans to increase its shareholding in Synlait beyond 19.9%.