Hi rsah
I can understand that the Singapore funds might be drip selling (very small drips), although wouldn't they want the share price higher too?? But selling even very small amounts into little volume will keep the share price down. Why would they want that? To do a take over of BRL??
They will be getting mostly another 20% of the the company, won't they?, when the final dilution takes place. Republic already has about 20% and Asian Dragon about 10%...... haven't checked for a while. Isn't 20% the maximum holding allowed by an overseas company or is it 25%. Asian Dragon can still increase it's holding by some
Whoever Republic and AD hold shares for could be aiming to launch a bid for BRL at a low ball price?? If they are comfortable with the present govt's intentions and reliability..... with Winston Peter's holding the reigns ( hope X is right there about him )
Just a thought or is this an outlandish idea??
RE calling up some NZ lawyers
that was a good idea.... lawyer buddies??
so they reckoned BRL has a pretty good chance of an appeal being granted; the point of most likely success on the technicality of 'shipping'
hope so, sounds good
