I get SGH taking out Coates and Boral, but a take over of SWM makes absolutely no sense what so ever. I think the only thing that will ever help this stock would be to get STOKES off the registar, his holding is a deterent to any merger or possible take over. He wont last forever and I dont see RYAN has any interest in SWM. The result was solid and if that did not move the share price up you know there is a fundamental issue with the way the share registar has been set up.
So my message to STOKES would be either buy the whole lot or cut it loose and find another hobby for god sake.
SWM Price at posting:
40.5¢ Sentiment: Hold Disclosure: Held
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