Very frustrating, I read through the announcement this morning pre-market and was amazed at the lack bids given the announcement - nearly put in a large buy. It was showing an indicative open of $2.30 something and was a very significant announcement in my opinion (as the market eventually realised as well).
In the end knowing I wouldn't be in front of a computer for the day, I didn't place an order as I wasn't sure what the market would think of the low end (and presumably low margin) vaya plans. You win some you loose some, luckily some of my seafood stocks helped me out instead
What's not included in the presentation is that wiping out vaya takes out live-connected (who vaya acquired a couple of years ago) and are their primary optus MNVO competitors. A big consolidation in my view and no doubt why the market liked it.
Well done to those that held or got in before the market woke up.
Add to My Watchlist
What is My Watchlist?