WCL 0.00% 39.5¢ westside corporation limited

something is going on, page-8

  1. 8,589 Posts.
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    good point re All Ords Index change.
    but my thought was that the only reason that WCL is included in this updated All Ords Index, is because of our Market Cap.

    And the only reason the Market Cap is where it is, is because of the Proposal of a T/O.

    So if a Fund Mgr was investing in only those coys in the All Ords Index, then surely they would look at WCL, and ask themselves just where will the WCL SP be should the t/o never materialise?

    Hey maybe they see value at 30c, even if the "proposer" walks away?

    re NHC buying, I am unsure what the situation would be regarding the fact that they have a Director on the Board of WCL? I would think that directors of WCL would be forbidden to trade on market when WCL is in a takeover type of situation. am not sure.
    But one thing is sure - NHC would not be smiling watching the SP at 30c, when their average cost is around mid 40c range.
    ".. buggered if I know..." - me too
    cheers
 
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