AEJ redbank energy limited

reason for recent downtrend

  1. 3,740 Posts.
    one of highly possible reason for recent downtrend of the stock "The relevant interest of BBIG in Alinta Energy will increase from 4.61% to 14.15%. As a result,
    until such time as the BBIG interest is divested or distributed, a third party takeover offer for Alinta
    Energy (or some similar transaction or restructure) is not particularly likely to succeed without the
    support of BBIG."

    we will need to wait until the selling is finish. then we should see price rise...
 
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Currently unlisted public company.

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