re: cpb takeover Cheerful,
surely this is insider trading - buying 3 mil shares under 30c when there is a 31c takeover offer ? Looks like money for jam to me! the guy selling at 28c would be fairly unimpressed at this stage...........
Meanwhile, directors indicate to hold, and market price at 31.5 -32.5 indicating another bid. What do you think the co is worth ? Personally l would prefer to hold the stock long term, as CPB seems awfully expensive currently, so where is the capital gain potential in swapping. When Xstrata took over MIM for $1.70 in no time the assets were worth 3 times that price, shareholders who held for years got peanuts. CHL seems to be in a similar position and just as it looks good shareholders get a small reward which hardly justifies the holding of stock for many years.
In any case l guess we will just have to wait +see what eventuates.............another offer do you think ?
looking great, page-11
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$1.25 |
Change
-0.020(1.57%) |
Mkt cap ! $89.37M | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.27 | $1.23 | $35.97K | 28.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5778 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 472 | 1 |
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