think I read a2 have a meeting in London on Monday and the consortium may give an indicative takeover price on the weekend
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think I read a2 have a meeting in London on Monday and the consortium may give an indicative takeover price on the weekend
If any offer I can see 85 cents and the words 'a 30% premium to the share price before the expressions of interest were announced'
Sounds a great deal for a cash strapped not profitable company needing heaps of cash to grow.
So today's price sort of mid way .... 50/50 bet as it were
It would have to be higher than the 52 week high of 77c. I assume all the 90,000,000 a2 share buyers in the last 16 days, me included, will not accept anything under a $1. All the media attention in the last few days plus today's big headline in the herald on page b7 in big black print "Pursuit of A2 Milk pushes shares higher". It all adds to the hype and buying frenzy like sharks in for their full. Would not be surprised if sp went to 79c to 80c today with new and old holders getting in on the act and maybe 90c to a $1 next week. I will buy another block today.:t_up:
Down 2c to 73c twice as many sellers, 1.55 mill shares thru on opening.
I wouldn't get too excited guys, as I said yesterday, the market will pare back this week with profit takers and there will be no further rises until more info comes to hand. DYOR but its not gonna be straightforward
[QUOTE=see weed;577962]Correct me if I am wrong. Didn't a2 milk have over $110,000,000 sales in Australia alone?
not a lot of profit tho seeweed....im sorry but i smell a rat in the system here somewhere and its called freedom...not long ago we were all wondering who was driving the share price down etc and why...and now we get on odd
maybe takeover offer with so many conditions...hope im wrong but sold a few just in case
lol, having written what I just did, some lunatic is offering buy for 100c on the ASX.....crazy