Is there any indication that the CR shares have actually been processed? Without the applicable appendix notices, I suspect that this 3-4c boost has likely been run up by at least one of our new holders or their agents - in preparation for the wash of some of their shares for profit-taking purposes.
Might be an unpopular view and I'd be happy for it to be proved wrong in time, however I think that it's this rather than any "the penny has dropped among institutional investors" or "its because of the imminent ML & SEZ re-rate" type comments I'm seeing today. I guess we'll see next week.
AVZ Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held