Has the worm turned, page-29

Posts that didn’t age well. (A mere 15 trading days ago, when SPL was 18 cents):

’The 5-day moving average is above both the 20 and 50-day moving averages. This is bullish and means that investors see opportunity in this stock’
~ @antibotter

Meanwhile, in reality land…. things are now looking ugly.




P.S. A study analysed acquisition premiums in Australia for Healthcare companies from 2012 to 2022. The average premium was approx 70% based on share price one month prior to acquisition announcement.

P.S. So if we are very generous and use the baseline price of 18 cents which is the 200 day WMA (and approx one month ago), a 70% takeover premium today would indicate a takeover price of 30.5 cents.