They didn't get close enough to any point where demoralising holders would be beneficial. Unless they have allies gulping up stock on market, they are likely to focus on returning dividends to profit from their majority investment.
However the Oaks Board now agree with you based on the most recent announcement. They feel that the stock price is bound to fall below the offer price after in two weeks.
You have probably noticed that volume has been very high during the offer and with no notice of a significant shareholding. It would be interesting to know who the top 20 holders are. Pointon and Co? or other hotels hoping to protect the market from a foreign owner.
OAK Price at posting:
51.5¢ Sentiment: Buy Disclosure: Held
