All they need to do now is get the other remaining significant...

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Sabbath

9,876 Posts.

352

28/09/20

18:04

Post #: 47686352

Originally posted by CanningSuperBasin ↑

Its better they buy up at low prices for less capital, while they're on a mission to reduce shares on offer.
When they stop buying, is when you want the results to speak to the market and sp rises on fundamentals.
I only took a small parcel of these shares on Friday based on analyst reccomendations, and took an optimistic view that management aren't a pack of incompetent fools. Dividends could be sweet in the next few years, if we aren't taken over.

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All they need to do now is get the other remaining significant holders on board and they'll get their 90% easily, insto's generally won't fight too hard for the remaining few retail holders - when the time comes it's going to go CHEAP!! to Hochtief.

Even though I will be in a loosing position I do have to give them credit in how easily they have managed to drive the price to bargain basement prices without some form of insto intervention, the deals already done.

Column 1 Column 2 Column 3

0 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED
19,468,450
6.10

1 J P MORGAN NOMINEES AUSTRALIA PTY LIMITED
12,487,935
3.91

2 CITICORP NOMINEES PTY LIMITED
7,587,113
2.38

3 NATIONAL NOMINEES LIMITED
2,002,348
0.63

4 BNP PARIBAS NOMINEES PTY LTD
895,400
0.28

	Column 1	Column 2	Column 3
0	HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED	19,468,450	6.10
1	J P MORGAN NOMINEES AUSTRALIA PTY LIMITED	12,487,935	3.91
2	CITICORP NOMINEES PTY LIMITED	7,587,113	2.38
3	NATIONAL NOMINEES LIMITED	2,002,348	0.63
4	BNP PARIBAS NOMINEES PTY LTD	895,400	0.28