Ann: Daily Share Buy-Back Notice, page-4

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oldtimer2

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05/09/18

13:28

Post #: 35427731
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Originally posted by oldtimer2 ↑

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.

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Hi NSD I see the last time you posted was in 2007! I hope you’re not an indicator the market is approaching a peak? Anyway, thanks for sharing the article, I couldn’t understand the sudden turnover. The articke might have been a trigger.

MGP Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Ann: Daily Share Buy-Back Notice, page-4

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