CKA 1.28% 7.7¢ cokal limited

platinum partners, page-2

  1. 23,919 Posts.
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    AC

    Where is any evidence to suggest they are playing with CKA ?

    If you check their substantial holder notices, they are one of the largest buyers holding just short of 14%

    They have also offered a $150M funding facility

    Someone was likely exiting a position and Platinum took advantage to accumulate (next substantial holder notice should reveal more)

    They aren't going to continue paying 20.5/21 if people are going to dump into then, naturally they would move the bid lower - it is accumulation, they aren't a charity

    If punters held off on selling, then you would see it move north like when they took out all the 21/22's last time

    It is the sellers being petty, not Platinum
 
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