I am not normally a conspiracy theorist - I think most often a straight line is just that.
However I noticed from the announcement that Cooke hadn't increased its holdings from 19 July - The same 10.5% ( or 10.49 in Substantial change notice)
Since that date and including the past few days 54.4Million shares have traded.
At first I thought that must be Cooke but why would you buy the shares of people who would sell. You still have to get to the meeting and get 50.% plus 1 share to pass it. I assume. Don't buy u - $515 @ 4% for 90days is p the shareholders who would sell. Yes there is 10c difference but given that this will take at least 90 days to get your money that is already 5c - I would not have thought that was enough incentive and as all the long term holders here seem to think its done and dusted. So who is buying these shares - ARG sold 3.5million of their roughly 10 million shares. I would presume they have decided to redeploy the funds.
So who would be buying for 5c and if it goes wrong you lose a lot more and the chances of a counter offer is very unlikely. The volumes are however 25$ of the company's shares. It isn't like 10%
So what is going on here? Shorts are exciting ... per Shortman.
- Forums
- ASX - By Stock
- TGR
- Tassal Group Strategic Thoughts
Tassal Group Strategic Thoughts, page-791
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TGR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, CEO / Non-Exec Director
James Graham / Dr Alan Dunton
CEO / Non-Exec Director
SPONSORED BY The Market Online