I dont want to be a conspiracist but could Mr Shen be selectively dealing with inventory etc to get a depressed mark to market p/l so as to not have to up the bid? We have to wait and see the accounts in August or thereabouts - '
I am very sure the bid will progress after all he's getting the company at 1/2 price and by their own admission margins are now improving again.
The p/l will pick up as China primes their domestic consumption over the second half of this year.
- Forums
- ASX - By Stock
- MES
- Ann: Market Update
Ann: Market Update , page-4
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)