ACR 6.78% 5.5¢ acrux limited

buying is being done by large good name foreign brokersHow can...

  1. 1,539 Posts.
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    buying is being done by large good name foreign brokers

    How can you tell this? It's obvious a new holder, or we'd have seen 1% change notices by now, but without a substantial holder notice I don't see how we can know who's been buying.

    recent broker upgrades are helping

    The Acrux web site no longer has broker reports, just email addresses - any chance you could summarise the broker reports you've seen?

    something like a t/o here... more than milestone related buying it is just too aggressive for that

    Surely a better approach to a takeover would have been to offer $3/share when the price was 50c, not to push the share price to $1.50 while accumulating 5%. But perhaps someone else is buying on rumours of a takeover, rather than the potential acquirer itself.

    Leaked information about a deal for Testosterone MD-Lotion - say $150 million up front plus royalties - or even a really good Ellavie partnership - maybe $50 million up front plus royalties - would be enough to warrant the kind of aggressive buying we've seen.
 
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