If sales are good, news this week - not so good or as previously reported it will be around the 20th. Will also included confirmation of dividend payment to hold up the SP. Either way they need the SP to hold above $2.70 for a higher offer or to save the CEO and boards high paying jobs - all round a bit of a joke of a situation IMO. Strategy needs a major rethink! If earnings are 35c SP should be min. $3.50. Thoughts? As for madams comment I think what it was implying is that if I tell my broker to sell a million they execute it in small parcels to not dump the price lower, as we saw with AusSuper as they dumped there holding to get it down to $2, they did it in stages down to the $2 - not very smart but IMO they had some sort of "inside clique" with the takeover company. Refer Jesse Livermore for the strategy at play here LOL but very unhappy that the ASX let this manipulation play out.
TRS Price at posting:
$2.73 Sentiment: Buy Disclosure: Held
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