re: anyone out there following this one. no! Hmmmmm ..... remember my post?? :) second para.
Well know it's in the open. Let's see if the other whispers are just that or in fact more.
Subject anyone out there following this one???
Posted 20/03/06 1:52:27 PM - 71 reads
Posted by TheBanker
IP 60.224.xxx.xxx
Post #963707 - start of thread - splitview
I must say I like the story but have a couple of observations to make. Happy to be proven wrong or informed or otherwise because I am new to the stock. I should also note that I am in it for a longer term play - I have heard of an Aristocrat takeover and now a privatisation (followed by a trade sale).
The sp has really dissappointed of late - keeps getting smashed by sellers. The fall late last week was the result of a margin call from what I know. This is in the midst of a top 5 holder buying up sub 13.
The half yearly shows a convertible note due in November. I wonder if the sp is being kept down for this reason? ie get more shares? Also, I would have thought that reclassifying the notes as a current liab, the company is now technically insolvent? ie CA's less than CL's? very high level analysis here ..... :)
Any views would be appreciated.
Show me the $$$$$
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