Morning all. It is interesting to note who MQG are buying for.
There are some names there that some disapprove of like the top one for instance. This excerpt is from Newscorp.
What is ironic, is that now JPM want more of AWJ's gold but it was bought by MQG and I will assume that they wanted a broad range of exposure within the sector and they also wanted exposure to small caps with earnings that have the potential to rapidly increase like AWJ for one.
In the one month from around the second week in Nov, we have had a decent increase in volume. On top of MQG, we also had OKRAM buying.
Now that these guys are positioned, I do wonder if the volume will now drop off a little. OR do they want some more yet?
Either way, If MQG are buying for insto's, they know where they want their exposure and this is good endorsement. BOD are building a very trustworthy reputation and based on rungs they are climbing consistently.
BOD, take a bow.
Kind regards, Wack.
AWJ Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held
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