I was expecting some action with the SP as a result of speculation regarding a possible takeover by IMC. However I wasn't expecting a change in substantial holding notice until after the 5th of November (this is when the takeover offer closes). Obviously there has been a fair take-up by LinQ shareholders.
Anyway I will be sitting tight here. Fundamentals haven't changed, whilst it's nice to think there could be some tree shaking or whatever else. Ultimately the market determines the SP. There is a fair difference between what I would value the company at versus what the market does right now... I hope we can close that gap soon ;o)
Cheers,
JB
MOY Price at posting:
68.2¢ Sentiment: LT Buy Disclosure: Held