Yes tommorrow will be interesting, more so than today. Am predicting scream out of blocks tommorrow but then slight retraction later this week as offloaders run out.
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Yes tommorrow will be interesting, more so than today. Am predicting scream out of blocks tommorrow but then slight retraction later this week as offloaders run out.
Yes, thats exactly I thought when I was away from the net....as snoopy said they will they the due diligence. They have done the due diligence that's why they bought in june.-Arrovest. Since they want to buy more than 20%, they have to give notice, while waiting to do this they bring all sort of nuisance.
FWIW, a few details gleaned from Wikipedia.
Dean Foods is an American food and beverage company that specializes in dairy products. It maintains plants and distributors in the US and UK and has 100 facilities located in 35 American states as well as five manufacturing plants in Belgium, France, the United Kingdom, and the Netherlands.
Its HQ is in Dallas, Texas, although its dairy section seems to be based in Pennsylvania. Its net income in FY2012 was $161m on revenue of $11,462m. Its total assets were $5.6 billion and it had 22,000 employees.
Dean Foods products include frozen and canned foods, dairy products and condiments. It produces milk in the US under a number of regional and national brands.
I've been topping up for 11 months now form 69c down to 47c. But it's never to late. Sold some today for 68c and $750 profit, then bought slightly less of them back again for 71c:confused:. Had the order at 66c but missed out and had to pay 71c. I find with this stock, if you get a gut feeling, just do it, if you don't somebody else will. My gut tells me to keep buying at the moment. Get in before all those foreigners buy us out. 83,500,000 plus shares have traded in the last 16 trading days. Thinking of buying another lot tomorrow which will push average price back up to 56c...Just do it:t_up:
Anything is possible in terms of how a deal is structured. Now that we have another entity coming in that makes it really interesting. I'm tending to side with KW here where there is some risk to existing shareholders if the deal is structured so that FF can get out or downsize their exposure and a2mc makes a cash placement to DFC which obviates the need for a CR.
This sort of move has been done by a2mc before when they made an institutional placement prior to listing on the main board. Existing shareholders were not offered a rights issue and the SP went from 0.58 to 0.50 overnight! (the price of the placement)
That's a possible negative. The positive is even if that happens the long term looks good and DFC will certainly help to get USA distributions and revenue firing. The market will react quickly to that potential, but again the potential needs to be converted to fact (also snoopys point)
In a previous post I indicated 0.76 on a DD and a 0.85 to 1.10 offer. That's only going to happen on a buy out, which per above may not happen if you read between the lines. a2mc have indicated that its more of a proposal scenario.
I would've done this too..Looks like ATM is bottoming out but lets be a well behaved disciplinced TAer and wait for more buy signals and that confirmational the bull/bear 58.5c resistance to bust.......That resistance has broken great news :cool: here we go ..bugger too late :scared: it gapped up...now what :mad ;::confused:
Dilemma time!!!:crying:
Damm..Buying now is big risk problem...eh? "Could this gap get filled"??....Would Murphy's Law apply, if I buy it will gap down, if I don't buy it will bust through 75c resistance and propel itself to 80, 90 or even higher due to the sudden less gap filler risk?
Sometimes awaiting entry using TA can be a total bitch...eh?...been there done that...and I've proved Murphy's Law many times as well..
Best of luck Mate
http://www.weeklytimesnow.com.au/agr...95352#comments
A couple of points: I made a polite comment on the website above, (which has not been published), about the inaccuracy of paragraph 11: "It is understood Freedom would have been prepared to continue the informal talks with a2 on a confidential basis, but a2 opted to disclose the approach to the market." They had the info completely around the wrong way, as it was Freedom Foods who 'outed' themselves, with their announcement to the ASX - a2MC has continued to maintain confidentiality. At 2:29pm (23/6) I received an email from Lachlan Hastings, the Online Editor for The Weekly Times stating:-
"Thank you for your comment posted on our story "Perich kicks off dairy wars"
For the sake of clarity, I have removed the paragraph, which originated in a copy syndicated from The Australian.
Thanks again for alerting us to the issue.
Kind regards,
lachlan"
As far as I can tell, this hasn't happened - yet.
The other point I note is that a2MC made a presentation on June 3 at the UBS Emerging Companies Conference.
Good luck to all holders!
This is the advantage of picking a company when its shaping up to have a big future and sticking to your guns. Seeweed and I have been advocating these guys for quite some time (as opposed to SNOOPY, who is a great contrary indicator I must say!) and buying as many shares at low prices as we can get, likely he is as "overweight" as I am. I aren't actually "overweight" as "morbidly obese" in ATM now! In our opinions (I am speaking for Seeweed without speaking with him, danger danger!) ATM has been a hugely growing future value proposition for quite some time. That it is being recognised now with a potential takeover offer is actually a bit sad for me as I would have loved to be hanging on for the ride! If that oppourtunity presents itself, I may just do that.
Blobb of the month:t_up::p