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$5.18 pendal group limited

good pointsIMO I 100% expect another offer. If the offer is...

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mrcarter

799 Posts.

27

13/05/22

10:27

Post #: 61385926
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Originally posted by sab8: ↑

I suspect shorters re-instituting their position.
1) On 4 May there were 8.5m shares shorted.
2) On 5 May, there were about 6.5m shares shorted. Covering of 2m on the day.
3) The price on 5 May was $5.07 with total volume of 3.8m (bigger than any day in prev few weeks)

I suspect that a shorter covered their 2m share short position on 5 May awaiting the fin results two business days later.
When the results came through, they wanted to reimplement their shorts down to $5.07.

The shorts will have a big problem if a viable takeover offer materialises without notice (as they tend to do).

Shorts are betting no viable offer will come.

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good points

IMO I 100% expect another offer.
If the offer is decent, the synergies work out properly…PDL + PPT could become a global powerhouse.

PDL Price at posting: $5.07 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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