Ann: Intention to Make Takeover Bid, page-159

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drifta

6,600 Posts.

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03/01/19

12:50

Post #: 37013375
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Originally posted by 4sight trader ↑

"I could hardly squeeze into my local store, the crowds were over bearing.
The store was packed out with the sound of cash registers ringing ,non stop.
Going on that alone i suspect strong Christmas sales figures.
drifta"

You value a future share price by the above rhetoric? lol
Next business i acquire i wont be calling you in to value it, great Fundamental Analysis.
Shares were at $8.30 in April and fallen to $2.00 in November for good reason being decline in business in previous fin year and estimate of $10m -$11m for first half of 18/19.
This is better analysis than a customer 'walk through' to determine future price

"Full on price manipulation going on IMO.
The bidder or their coherts have a bid in there at $2.74, moved it up from $2.73, however, they are trying to tree shake by piling sell orders on just above."

TRS have advised shareholders to reject the $2.70 offer which would put a floor under the price.
You would have to be delusional to be calling manipulation let alone calling 1 cent differentials in the queue from $2.73 to $2.74.

What will move this is another offer, which is why trading has been range bound for a month!

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Clearly you did not see value as some of us did when it was trading @$2.00-$2.20?
Well some of us did and acted on it
drifta

TRS Price at posting: $2.75 Sentiment: None Disclosure: Held
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0 Great analysis

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Ann: Intention to Make Takeover Bid, page-159

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