SPO - 20th march notice from UBS ~ bought about 19m shares form 9th march in the 70c range. Currently have 8.23% . DOW offer price of 1.15 with a 90% take up rate required.
Raises a few questions like who are they buying for ~ is it a blocking stake to foil or blackmail Dow or are they DOW's tool to acquire cheaper shares. More research required
Also could be inferred that the recent buying (pre 21st) shows indications of insider trading but history bears out that UBS are just exceptionally fortunate in their investment timing.
QIN ( ex TFC) smashed by a shorting companies attack ~ Director spent 59k yesterday buying
FMG - another 1b US debt repayment ~ almost becoming a qtrly standard. IO topped out?
Oil looks sick not sure how much longer they can prop this up. Held it above 50 since Jan last year with a world glut so who knows.
Just waiting at present nothing really stands out
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