Seems to me that AAC has effectively diffused the threat of FCL selling them out to a foreign predator. By doing the Tipperary shuffle AAC now has on its register a like-minded Australian-based investor, and has lessened the potential impact that a disinterested FCL could have on AAC's future. Any predator looking to take all of AAC will likely be discouraged now that there is a solid blocker holding 19.9%.
All we need now is for a group of institutions - where are the super funds putting that cash that keeps rolling in? - to nibble away at FCL's remaining holding of AAC.
A positive outcome for AAC IMO.
AAC Price at posting:
$1.58 Sentiment: Hold Disclosure: Held
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