Offer from flecther...
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Offer from flecther...
someone knew?
https://www.nzx.com/announcements/324803
https://www.nzx.com/announcements/324803
Takeover offer on 10 September 2018 from FBU - $1.70
Board does not support the offer but why have they kept is so quiet until now??????????????????
Well I did say all was hunky dory a few days ago and we would be seeing $1.90 again some time soon. To be fair I was sort of exaggerating but who knows now...
Somethings smells though. They have know since Sep 10, and the SP has been really moving in one direction for a while. Not sure if insider trading has been going on but WTF surely the board should have released that info on Sep 10 with a "board will analyse offer and get back to market with recommendation in due course". Wild wild west prevails.
So Susan Paterson buys 117,436 shares, she has done very well. This notice out on 13 September. But its all about timing when they actually signed the paperwork and sent the $. See its on 7 Sep that the transaction happened so that falls well before 10 Sep....
http://nzx-prod-s7fsd7f98s.s3-websit...845/286697.pdf
Topping up large in the bookbuild looks lile a fantastic move in hindsight ....
Well I do need to thank you Boysy and Balance for your insights,as I only got stuck in yesterday!