Up 14%! Why the sudden extreme jump higher?
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Up 14%! Why the sudden extreme jump higher?
Attachment 12846
Takeover would seem unlikely, strategic stake(10-20%) seems a far smarter capital approach. It should put a nice floor in the SP. Can’t see the NZ OIO allowing a full takeover, potentially in time.
GS helped them with the Fonterra strategic acquisition(rolling three year term) in 2018….three years later…..
We all know what happened to Vocus:t_up:
This will also explain who Synlait’s new Multinational customer is from 2023, beneficial for all parties. Strategic masterclass, with the MVM acquisition. The Coca Cola (16.7%) acquisition of Monster Beverage added rocket fuel to their business & share price. Shorters will have no desire to hold now with impending corporate activity/ and the future when Nestle locks up ~15%.
Attachment 12847
https://investors.monsterbevcorp.com/static-files/3361a24e-dbed-4a8e-a054-1420712a8922
Sounds like it was just one newspaper with an substantiated comment. Nothing more than a speculative possibility. But the market reaction was pretty strong as though there must be something definitive behind it? Interesting how influential the media can be even with one article. Unless I am incorrect and have missed something more substantiated than the comment in the Australian?
Normally price action of this kind ...ie with huge volumes ...is based on some firm inside news ...after seeing the overall trading ...I will bet on something concrete coming out of this in next few weeks
Its worth a buy now ...max downside is $ 6 ...upside potential of $ 11 in next 3 months ....IMHO
Risk / Reward favouring the brave ....suddenly its golden cross will also appear to lend further legs ...:D
I would say they are waiting for the results to come out, share price will plummet and then they will make their move, sub $5.00
I think this is largely shorts being squeezed out based on the price action in the first hour. I am surprised it had the momentum and closed near the highs, which may mean longer term shorts are continuously covering. If big money is serious about this they will gap it up on open tomorrow and really crush them. Let's see what happens.