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.
Not sure if its A2 increasing their stake or worse is behind, confidence seem to be coming back into this stock.
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.
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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.
Yes all very valid points, let's and wait see at least what April fools day will look like as that's most short term and obvious one to decipher.
Look at the last comment A2MC has no plans to increase its shareholding in Synlait beyond 19.9%.
They said that last time they raised their stake some time ago.
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
Bookmarks