I see 70,000 shares have sold before opening at 86c. Strange, when there is a lot more sellers at 85c. Why would you buy at 86c before open, when you can buy them for 85c?:confused:.
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I see 70,000 shares have sold before opening at 86c. Strange, when there is a lot more sellers at 85c. Why would you buy at 86c before open, when you can buy them for 85c?:confused:.
yes it is (positive), so I assume Harbour is a holder of A2M in which case Oyvinn better be careful to make the necessary disclosures otherwise the fma will come calling. Interesting to see him adopting journalism; must have gotten the Gaynor/ Fisher bug. viz Free marketing.
https://www.nzx.com/companies/ATM/announcements/267492
CEO and MD Geoff Babidge filed a "relevant interest" declaration this morning which shows he has just paid up $594,000 to confirm ownership of 6 million shares he was granted in August 2010 under the company's incentive scheme. Initially he paid one-tenth of a cent per share ($6,000) as part payment, and yesterday was the deadline for paying them up "fully" to 10 cents per share. On the face of it, there does not seem to be any particular significance (other than meeting that deadline) in his latest move.
He also has a relevant interest in a further 5m shares, making 11 million altogether, by way of partly paid shares.
Here's an interesting take on the transaction from today's NBR site:
http://www.nbr.co.nz/article/a2s-bab...-498m-b-176231
Fair play to Mr Babidge. He has contributed to significant shareholder wealth creation. How are punters reading the tea leaves at the moment? I would have thought that the gradual increase in SP indicates the market is expecting the suitors to come back with a better offer. In saying that, as the price rises it seems less likely that a new offer will succeed. Either way, Freedom benefits. Good strategy some may say...
Seeweed mate, this has got you written all over it!Attachment 7494
My price range over the next few months is $0.79 to $0.88.
The annual report will not tell us that much more than the update we received in mid July, as the update would have been based on provisional numbers to the same reporting date 30th June.
I think those who were speculating over the Perich/Deans T/O will have disappeared by now IMO.
1. While there is speculation over“other potential” contenders despite what Babidge says and
2. Analyst price targets averagingaround 0.94 and
3. Fund managers like Perpetual are gettinga holding and
4. Improving margins and market share infresh milk, formula, and whole milk powder etc internationally and
5. A2M is getting exposure in Aussie amongother fund managers and
6. Long term supply contracts are beingnegotiated at lower prices
Then that range is where we will beover the next six months. ( I hope) or until something else that the market isnot expecting surfaces.
.
So it seems that ''the lift'' has come as a result of the potential takeover and now that it has more or less faded ,the fundamentals have taken over.
It would be interesting to know if the lift would have happened anyway.
market sentiment is always an intriguing animal,(and confusing sometimes)
i wonder if it would be possible to stage a possible takeover interest to boost SP of a solid co?
If takeover is off, will SP drift?
the positive side to all of this is that perhaps ATM will stay in Kiwi hands?(which in the long run would be more beneficial than a few fluctuations in SP,if it came to that.)