I don’t do shorts. Period.
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When will the takeover news come out again ....maybe after all shorts are in for the index exclusion selling ....Just thinking aloud .
They will try to take full advantage of the SP at the lowest price possible ...so will keep waiting till its most suitable .
Provided there is someone actually looking to gobble up ATM ...maybe they just need $ 2B to take control of $ 1.5B revenue and $ 250 mil profits with 874 Mil in Cash plus share stake in SML + MVR + Brand Value
So who actually can see some visibility of demand or already has demand side covered ...it may make good business sense to do it ...ATM has supply side covered very well .
IMHO it is distinct possibility with ATM . Hold very small lot to participate in this scenario . So will be looking to buy some around $ 5.50 if Monday provides that opportunity . Hold for 3-6 months ...maybe get lucky :D
a2 removed from index
http://nzx-prod-s7fsd7f98s.s3-websit...587/354038.pdf
probably mean more selling
omg, the whole milk sector gone. This is big!
FBU was also excluded ....used to be No 1 company for long long time ....
I was referring to old times only for sake of comparison . Means all the companies going thru bad patch get excluded ...and if they turnaround then they come back .
So no big deal ATM getting excluded ...All know they going thru bad times .
Will this lead to big selling ...maybe not ...just a knee jerk reaction for few days then back to same grind