Yes quite right and we all know average target prices are never wrong https://www.marketscreener.com/RYMAN...072/consensus/ :p or when AIR 12 month target was $2.13 and the share price at that time was $2.80 !
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Yes quite right and we all know average target prices are never wrong https://www.marketscreener.com/RYMAN...072/consensus/ :p or when AIR 12 month target was $2.13 and the share price at that time was $2.80 !
https://www.tvnz.co.nz/one-news/busi...n-food-elderly
Link to article for news posted as above, I know this is off-topic, but just to highlight the good work Penno keeps doing out in the community. He's a good man, that Penno!!!
I think the $4+ correction down from $13 a few weeks ago to under $9 this morning is overdone. ATM paid ~ 20% more for their 8% shareholding at $10.90 than the current price and I think there's the real chance of a takeover of SML in the foreseeable future. I increased my position this morning. Forward PE is just 17.7 with years of strong growth ahead.
First lot A2 bought were at $3.27 so still will ahead even though they paid over the odds at $10.90 for another lot
Process starts by a company such as Nestle approaching the major shareholders and seeing at what price they would sell. The rest is a formality that takes a few months. You don't need any to start with. It could be ATM starts hoovering up more shares on market and then start a takeover process by maybe cash and scrip.