I've been following the trends and vol lately and I think something's up. Possible accumulation or takeover perhaps?
I mentioned a few weeks back, the best time for a takeover of Sgn by wpp is after drp, this way they are benefiting from low aud, 60% discount from their 12 month high, return to positive outlook and not having to pay a 2H dividend which is normally higher than 1H.
They already hold 20%+ at an average price of ~$1, Let see price action between now and November. Gl and dyor
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