in the past year the share price has only occasionally been greater than $2.35 so the buyer has probably paid a premium to the average price over the last year. Obviously the buyer thinks the company is worth more than that otherwise why buy.since November Fogarty has sold $120 million worth of stock, taking a cool $47 million this time so I am sure he is also happy He probably will resign as director soon. Grd should be worth more if you compare it with other similar stocks such as Aax and Cdd -it's annual report wasn't that great- if you ignore the earnings from selling ogd then the eps were pitiful. the fact that Grd has the recycling business probably adds to the attraction as a takeover target as this could be spun off from the other business. i don't think Macquarie got these shares but that is just an opinion - I think other funds to make the register more diversified. Anyway all my opinion and you may not agree. I will continue to hold and buy on dips(I mean to do this and then miss the dips) as I am sure itwill be taken over some time.
GRD Price at posting:
0.0¢ Sentiment: None Disclosure: Held
