Ann: Bellamy's enters Scheme Implementation with Mengniu, page-129

I think BAL were eventually going to get SAMR. I disagree with BAL management on their official line that this does not speed up the process, but the acquirer's ultimate owner do have all SAMR applicants by the...

It is such a strange day to see a large short term paper gain, but know this is actually a large long term loss. But I'm resigned to the fact the losers were played.

I'll eventually do the proper calculation, but it will probably exceed my post tax hurdle rate, so I should stop mopping.