Just on the last post, AGO and GIR now will ALWAYS go up and/or down by the exact same amount, because of the takeover terms, the two stocks are synced.
The reasons, could be anything, my portfolio is red across the board.
I also noticed in the 3B that AGO shares on issue are very close to 750m at the moment, with a further 22% left for a complete takeover of GIR.
From my understanding GIR had about 183m shares on issue on the 8th of Feb 2011, so using that number leaves another 40 million shares that aren't owned by AGO.
With the takeover terms, worst case would add about another 60 million shares to AGOs register (acceptance of TO offer 1.5 x GIR shares)
Taking the total AGO share registry to about 810m shares.
I do expect the share price to be a little more free flowing when the takeover is complete.
AGO Price at posting:
$3.79 Sentiment: Buy Disclosure: Held
