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  1. #1431
    Speedy Az winner69's Avatar
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    So did the bot buy 255 at 1250 and then straight away sell them for 1225
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #1432
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    Quote Originally Posted by Beagle View Post
    minimoke and I are not selling either so that's 99% of the market cornered lol
    Good question, I don't know, anyone else ?
    +1 to that, I'm not selling either. You be mad to sell them this cheap

  3. #1433
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    Both both stocks about 9 days ago, both below $11, definitely not selling. Long term hold, like all my other stocks.

  4. #1434
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    Whats going on? These rises not normal. takeover play or some big deal about to be announced?

  5. #1435
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by ratkin View Post
    Whats going on? These rises not normal. takeover play or some big deal about to be announced?
    Multi-choice for you tonight
    A. Company reports on 19 September...investors positioning themselves ?
    B. Share price playing catch up with ATM ?
    C. Investors struggling to find a company with a more compelling and clearly defined growth plan at a half reasonable PE multiple ?
    D. All of or some combination of the above ?
    E. Stock in play ?
    Last edited by Beagle; 27-08-2018 at 05:03 PM.
    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

  6. #1436
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    Quote Originally Posted by Beagle View Post
    Multi-choice for you tonight
    A. Company reports on 19 September...investors positioning themselves ?
    B. Share price playing catch up with ATM ?
    C. Investors struggling to find a company with a more compelling and clearly defined growth plan at a half reasonable PE multiple ?
    D. All of or some combination of the above ?
    E. Stock in play ?
    Not the first 4

  7. #1437
    Legend minimoke's Avatar
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    Quote Originally Posted by Beagle View Post
    minimoke and I are not selling either so that's 99% of the market cornered lol
    Good question, I don't know, anyone else ?
    I'm not selling. Think today was just about best ever single day in the market. Had to put the trailer on the back of the Moke to stock up at the Liquor store with appropriate celebrant.

  8. #1438
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by ratkin View Post
    Not the first 4
    Okay I will do some wild speculation

    ATM a nine billion dollar company.
    Cost to takeover the 84% of Synlait it doesn't already own at a ~ 30% premium to today's closing price, say $16 a share = $2.39 billion.
    From an investment banking perspective this looks like a deal that's quite plausible. ATM could undertake a placement and debt raising and / or a partial scrip based takeover and / or debt funding from banks.

    The deal would probably fund itself on FY20 earnings from Synlait and be EPS accretive thereafter. It would also allow ATM over time to direct as much of Synlait's production as it wanted to its own purposes as Synlait's supply contracts to other infant formula companies ran their course.

    Looks logical enough but good luck getting the Chinese to sell and minimoke and I.

    Suppose it doesn't matter if they don't get to 100%, as long as they get control !

    Time for a wee tipple to celebrate a good day.
    Last edited by Beagle; 27-08-2018 at 07:48 PM.
    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

  9. #1439
    Legend minimoke's Avatar
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    Intersting day tomorrow. ASX closed SML down and ATM up

  10. #1440
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    Quote Originally Posted by minimoke View Post
    Intersting day tomorrow. ASX closed SML down and ATM up
    What day were you looking at?


    Synlait SM1.ASX 66 Up 6.4% 1101 1100 1115 1130 1046 $2,030,475 185,456

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