Its been hard to find too many short term positives of late but someone does like it at 11. There is a 2m bidder at 11 -my guess is it is the Orbis Group Fund which has already 47m shares.
They are not afraid to back their judgement even when companies go a bit pear shaped. They have been increasing their holding in ROC for instance since its little write down of assets.
We should know in a few days if it has been them.
Irrespective of who it is the fact someone wants to punt $220,000 is a belated vote of confidence.
AVX Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held