Federal cabinet are discussing on monday the MIS legislation so there are jitters about that and what is going to be finalised and then there is the rejection by Chiquita of the 75c takeover. In my opinion though the dollar value that TIM has invested in the takeover is very minimal and the proposals that the govt are going to most likely put in place actually do not effect TIM as there maximum deduction in 1st year is 6300 and not the proposed reduction to 6500 anyway.
One of the directors bought on market 100K shares only 2-3 weeks ago so i would not be surprised to see a bounce in this one in the next month above $3 again.
Just need issues resolved around MIS going forward and the takeover.
TIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
