Not really, the size if the parcels were minuscule compared to the volumes traded that day. Seriously, it is like a fart in the wind.
Most were purchased during the market death spiral period prior to the US fed & our Central Bank formally announcement the QE program.
It was at a time where almost every company directors were buying back shares, why would you not?
Yes, they are the best hedge against the looming depressing the world is heading into.
It has always been their goal to crack the Australian market, i think it will happen, could happen anytime really, money talks, every company has a price. But if precedence is anything to go by, the 2 Singaporean acquisitions have been money, bolstering the companies NPAT.
Each one of the companies under the Ci1 banner are not speculative start ups.
They are all well established, profitable business and the future Australian Business Acquisition will be so too.
You'd easily chose Ci1 over say the likes of a WZR. Their negative EBITDA is shocking!
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