I presume the directors advise shareholders if the offer is fair. I wouldn't be to sure of a takeover yet. Price reflects no recent news about sales or new opportunities.
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I presume the directors advise shareholders if the offer is fair. I wouldn't be to sure of a takeover yet. Price reflects no recent news about sales or new opportunities.
Shareholders get to vote as to whether the offer price is acceptable, $5 each is what I'll be holding out for:)
Much cheaper than herd conversion on a global scale.
I think ATM current share trading condition mostly linked to oz A2 war which big milk brand owners smash ATM share price could for takeover or just want to damage share price so ATM will difficult to get funding?
Does NZX have powers to investigate short selling as described by Snapiti and Moosie, or a suspicion of it? Is it in any way a violation of trading rules? Might NZX ask a questionabout recent SP falls and trading patterns? It does look like a good explanation for what's been happening in a pretty illiquid market with mostly a few small traders apart from the odd big purchase by Milford, who probably wouldn't mind too much. Could it even be Milford? Presumably it could only be detected by NZX getting access to brokers' transactions, and maybe it could be fairly well disguised even then.
Does NZX have powers to investigate the kind of SP manipulation suggested by Snapiti and Moosie? Is it in any way a violation of trading rules? It does seem like a very plausible explanation for what's been happening in a relatively illiquid market apparently populated mainly by small traders (apart from Milford), given that the only new announcement recently has been a positive one (Chinese infant formula approval).
Might NZX ask a question of ATM to get things started? Could it even be Milford? I guess the only way to determine if there has been repetitive buying and selling to push the price down, incurring a relatively modest temporary loss, would be for NZX to get access to brokers' transaction records, and even then it could no doubt be heavily disguised. Any ideas?
If the price keeps going down it will make it too tempting for other big institutions to get in. ie. Milford could buy another 10,000,000. And if big holders already have 86% of ATM then that only leaves 82,409,377 left for us little holders. So my plan is to top up here and there to the bottom, Just like AIR a couple of years ago , it might work, who knows.
This is exactly my point from earlier. Top up now. Sure you might lose 10 cents on paper in the very near future when it keeps sliding. But good luck trying to get any decent volume of shares when it finally turns, there will be very little on offer and you will end up having to pay a very big premium to today's price costing you far more than the 10 cents you're losing on paper. IMHO.