PMN promina group limited

why drop, page-3

  1. 432 Posts.
    because people are now betting sun itself will be taken over and pmn deal may not happen.
    at 710 thats a jump of 16% from 610 (price before all this hoola). if deal off, pmn will prob drop to 660 at the very least (market prob expect some other buyers coming) . if deal happens, sp values at ~760. so at this value there seems to be a 50% strike rate on this play, not inc brokerage.

    good luck. am in a while back.
 
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