By Harley Grosser. Its a persuasive article. The analysis is consistent with earlier HC observations, but the article seems to have been picked up by someone. It looked like only the company was going to buy shares at 24.5c today but suddenly 3m have changed hands in one morning, all in chunky two way market, no crossings It can’t be the company, the buyback doesn’t have enough capacity. No it has to be either a potential bidder (why not?) or an insto averaging down or one coming on board for the first time. Just as the market is getting weaker, it finally looks like moving up.
MGP Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
