Thanks Strat, I noticed that large 5.5cps buy toward the end of trade. There were also some large 5.4cps buys and even at 5.45cps which does not leave much room for profit if you are planning to accept the current BCP offer. Agree that more are taking the punt on a better offer. Thanks for your advice on when BCP can start buying on market.
If BPC decide to increase their offer I don't expect this to occur initially until after 19 Sept. I think their first move will be to extend the offer by one week on or about 19 Sept. If still not close to 50.1%, then we may see another extension with a better offer. JIMO.
ANZ
NDO Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
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