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91.0¢ watpac limited

Ann: Results of Scheme Meeting, page-12

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Darre11

291 Posts.

43

07/06/18

14:55

Post #: 33566914
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Originally posted by rustyoldboat ↑

It's funny. I honestly thought it would get up. I thought they had more institutional support than the votes suggest (only 67% of shares in favour but nearly 90% of individual voters in favour suggests there were some big holders who voted against).

Expecting that it would get up, I sold out 2/3rd of my holding between 79c and 85c, which seemed like a pretty good price given Besix were only paying 92c for 50%. Now that it is not going ahead I expect the price will fall back well below that. Actually I'm surprised there are still big buyers in the market above 70c, given where the price was before this all started.

Will be interesting to see what happens next.

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Congratulations on a good trade rustyoldboat. I missed the chance to exit some shares at 85 cents which was a superior probability adjusted price compared to 92 cents.

http://chasingvalue.com.au/

WTP Price at posting: 73.5¢ Sentiment: None Disclosure: Held
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