Did anyone think the update the other day didnt sound quite...

Did anyone think the update the other day didnt sound quite right?

What I mean by this is that the board/CEO didn't give us a view on the half year result but indicated that they are still on track and that the substantial pricing increases achieved woudl drive the second half results.

This to me sound more like a board that is preparing itself to defend a takeover!

If the first half was looking good then say it, but if not and the value needs to be pushed up then talk up the second half and full year!

I suspect that what they are doing is to make Wilmar life harder or to argue for a great price.

The prospect of the dividend still looms strongly and I suspect that it to will become either a defence or an extraction of further value if a takeover is triggered!

We wait and see, but I suspect we may hear something soon.