To me, this seems very positive, but would be interested in...

To me, this seems very positive, but would be interested in other's views:

http://www.copyright link/street-ta...sta-group-stake-jpm-on-ticket-20171116-gzn6ho

In short, Paine & Partners (pre-IPO investor) offloaded about a 5% stake in Costa this morning for $6.55 a share to a bunch of institutional investors.  I would have thought that that price represents at least a 5% "blockage" discount - although precisely what the discount is I would have no idea and will defer to more expert views.  

If nothing else it would seem to put a pretty solid floor on the share price of $6.55, and would imply a valuation of more than $6.85.

Which coincidentally is around the $6.80 price target given by UBS this morning (up from $5.70).