Completely agree! I think its best to take a good profit and run at this stage. I suspect once they take over they will want to do another write down for the financial year to make themselves look good and make the previous directors/manages look bad. He'll be getting control of the board soon and will sit tight and watch the shares fall back down to the 30s and then pounce for a take-over - scrip-only bid.
To sum it up....Sell now and realise and good return for the ones that bought low....!!
MYR Price at posting:
44.5¢ Sentiment: Sell Disclosure: Held
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