Itv is very hard to know what is going on with this one. There is currently close to 50% premium in this if buying @ 1.3c and selling @ into Lion @ close to 2c. I do understand why people are selling: everyone likes liquidity, and the sell columns are getting bigger. I just wonder why funds wouldn't line up- they'd know how to sell on the SGX. Are people waiting? The lower the SP, the better the deal is. I bet loads of people (including myself) are watching this. It's a weird play.
I don't see Lion falling a great deal (no clue, of course, but it seems unusually stable in these feral markets). Even if it goes up, I am not sure SBL will go up with it. SBL is just doing its own thing.
SBL Price at posting:
1.3¢ Sentiment: None Disclosure: Not Held
