Fundies probably still interested in anything that makes a positive so could start buying up big again....even more so as markets come under pressure from escalation of war like activities ...but then again that might be an adverse advent that allows EQT to walk away
Jeez ...that would be a disaster —- in more ways than one
Miracle unlikely ....MET Board has let it go too far to make it easy for another bidder to enter the race. Thats assuming there really was another 2 parties seriously interested.
Quite a few hoops for a new bidder to jump through ...probably will put any off.
At the top of every bubble, everyone is convinced it's not yet a bubble.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
ADJECTIVE
formal
holding firmly to an opinion or a course of action.
"he worked with a pertinacious resistance to interruptions" synonyms:
determined · tenacious · persistent · persevering · assiduous · purposeful · resolute · dogged · indefatigable · insistent · single-minded · unrelenting · relentless · implacable · uncompromising · unyielding · tireless · unshakeable · importunate · stubborn · [more]
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Beagle..my gut feeling is a done deal...couple fundies have reduced their holding... so decided to cash in the chips and took the opportunity and bought SUM at$8.45....hopefull tmow good update from SUM
Our recent investment in Metlifecare benefited from the announcement that they had received a non-binding indic- ative offer for the company (its shares finished the month up 21%). Our view is that this business has been notably undervalued for quite some time, rel- ative to both its listed peer group and its underlying asset value. A local investment bank has been appointed by Metlifecare to consider the proposal and we expect to hear further commentary from management and/or their Board in the coming weeks. Irrespec- tive of how this corporate activity develops, we are confident in this invest- ment due to its high-quality portfolio of retirement villages and the growth opportunities that exist in the sector
Hi Winner,
Just a question here on the methodology behind this fund selling.
If they have made such great gains with this position, is this selling that we are seeing by Devon et al merely an adjustment of the risk in their portfolio? I havent been involved in a takeover before, is this also another issue where possibly capital gets tied up and trading halted on the stock until a deal has been made?
Originally Posted by winner69
Reply With Quote
Bookmarks