Impossible.
Macquarie does not have friends :p;
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Remember how Summerset looked so good for ages but because Barlow did a sneaky weasel and sold out before announcement we ended up having years of suppressed SUM share price?
OCA had to battle the over hanging risk of a market dump not favouring it.
All sorts of possibilities
... as well as a thirst for the retirement sector.
For the current fear on the streets... my guess is a good drop below $1 due to a sell sell sell trigger happening beyond normal recent market reactions.
What is people's (businesses) risk parameter. At what point will you go... ahhh, yes, 20% is ok... 25% is less ok... 35% below purchase price is... etc
MAC sure did time their sale well and with OCAs nice divi to support a long term holders good returns...
Or pwrhaps they thought of the risk... heard a rumor about Corona and thought let's call it a day and get out and pass on the risk.
I could keep brainstorming for hours on this.
Enjoy your posts Beagle. One of my favourite dogs, my aunty had a beauty of a Beagle growing up.
Don't let it near the corn fields. Or it would be gone for a few days, slip the lead, chasing rabbits
Heading into hidding for a week may result in a whole lot of good. Fishing and all those relaxing hobbies can be a good way to reduce stress and recover from anything a bit quicker than those following the negative bounce about.
There's always eb and flow 🌓
"Sneaky Weasel" :lol: I love it. Yes I remember it very well mate and some may recall that a lot of very loud Beagle barking ensued :)...and they ended up having to change their insider trading policies so SUM good came out of all the noise :D
Yes there's lot of possibilities...but my favourite conspiracy theory about the mysterious surge in the share price is as above.
Even unloved mutts like Macquarie could theoretically buy a supportive friend if the price was right ;)
I would think this retesting the IPO price around the late 70 cent range is not beyond the realm of possibility in a very bad prolonged recession...
I will keep my powder dry and kennel well stocked and yes our much loved Beagle was a very naughty and mischievous and rather fat dog too, not unlike me.
Wasn’t long ago share price hit $1.39 and today less than a buck.
Those who got the deal of the century a month ago with the 250 million Macquarie discards must be a bit gutted now
yes but we all know these lower interest rates create mal-investments - projects which under any normal economic scenario simply wouldn't stack up. I guess the concern is that one day interest rates will have to normalise even if the central banks don't want them to.
I don't know if reducing rates further was the right reaction to a fear led market downtumble. Sadly, we may see the consequences of this later on ?next year with a similar pseudo-recession type phenomenon taking place in the market. A trader may argue this is a good thing to help create pull back for buying opportunities - glass half full.
“CAN’T HAVE TOO MANY OCEANIA”
Still holds true