"There doesn't seem to be any dumping on un-subscribed shares on the market which is good."
Don't forget the offer only closed at 5pm Monday. Retail shareholders haven't even been allocated with the shares yet so unless they risk pre-selling from their existing portfolio for a razor thin margin, any sell-off activity is yet to come. Also, as the offer was about 35% to institutions, a large chunk of the pool is to Retail shareholders yet to be allocated.
Don't get me wrong, I think SSM's Lendlease purchase is a positive move & a strategic fit and hopefully, a upwards movement for our shareprice.
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