GAA up 23% yesterday ob volume of 389,740. Bidder on the screen this morning for 200,000 FPOs at 50c. Suggests someone is interested in accumulating a sizeable piece of the GAA pie and the size of the bid and price would suggest they have done their figures and may be interested in a takeover. Afterall, GAA paid a premium for the Douglas business in 2006 and this would be a cost effective way to get that distribution business. ASIC should have to give GAA a speeding fine after its 23% shareprice increase yesterday and with this morning's bid. Get comfortable and watch the next chapter unfold.
GAA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
