What irks me a little is PEP know if they are proceeding or not. They actually know. Well, they know as of today. So, if you are a mate of a PEP person, you can get the quiet word that there is 15% to be picked up in three months. The current share price of 88 cents is a half way mark. It is only valid if one thinks there is a 50/50 chance of the deal getting over the line.
Pendal interests me. It is surprising to me such a big holder would dump so much. They must think the deal is very much 'maybe not'. Or they need to shore up their 'returns' for fin year ending 30 June 2020. You can imagine it is worth a lot of marketing dollars, come 30 June to say 'oh, our fund 'x' returned a profit if 6%, when the overall market was bear at minus 30%'.
It is too much for me to guess what will happen and what others are thinking or why others are doing what they do. I did manage to get a small pack of toilet paper. I had to wrestle a few sumo-like mums in the aisle, but I was successful. In truth, I came close when they were assaulting each other over a pack, and at one stage the small pack, fell to the side as they vice gripped each others fat rolls. I swooped. And it was mine.
By the way, if them mums cut back on the carbs they may avoid an unpleasant future. I learned that a bit late in life, carrying an extra 25 kg until I went KETO. 25 kg gone in 18 months. Bacon and Eggs galore. Dry (low carb) beer. It worked for me. So I recommend people look into that.
Recap: PEP, Pendal, toilet roll, KETO
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