$1.75 to $1.22 in one day!!! Thats some slaughter! I'm getting a funny feeling the market does not like the Mitchell deal!
Given the sp I suspect shareholders will be none too happy in ratifying this deal in February - assuming the sp is wallowing around current levels or lower.
Could be worth a punt based on shareholder dissatisfaction at EAGM resulting in deal dead in water. Presumably usual EMI PE will then be restored and back to $1.75 or at least a rally approaching that level.
Comments, thoughts????
EMI
emirates nbd pjsc
30 per cent drop in one day
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