That makes me guess the leak about strategic share sale is coming from which side ...surely cant be buyer as it increases the SP ...:p
Printable View
Strategic stake incoming
How much of the 1.2 billion is stock sold at reduced prices due to shelf life expiry dates
Wow big drop on opening. I see that recovering by the end of the day. Don't have any gambling money available
Maybe getting back down into the mid $5's wasn't so unrealistic. With no support about any takeovers. No good news. More struggles and bad news. No clear solutions, seems like the steady bull push pre announcement was a lot of hope. Now with nothing materialising a falling SP into the $5's is very realistic within the next couple of days. If there were any real serious strategic share purchases being considered it would make sense to let the SP drive down maybe even sub $5 before presenting any real offers of interest. If I was going to present a takeover offer I would wait for the SP to hit all time lows at this stage before presenting any hand, wouldn't they already be thinking this. Also I think the takeover rumour was a lot of speculation stirred by the journalist of the Australian. Nothing substantial has materialised from it whatsoever. Unless I am missing something?
Keep ya powder dry, boys.
Not to sure this time. Not a lot of positive news to bolster any recovery.
The SP was higher as it was factoring a lot of hope into this announcement, but very recently was sitting around $6 NZD. Might find resistance at $6, but then again with a lot of hope gone out the window and no reality of takeover interest, might likely downtrend back into the $5's.
I think with this news, when ASX opens there will be a lot of shorts reentering, and institutions selling who were hoping for a more positive result. Will likely take a heavy dive with large selling volumes later today.
DISC sold out all remaining ATM shares on opening today.
Johnny The Horse, Leftfield, Balance, what's your take? Form that new trough at ~$5.5 NZD now