CML, AMC, and MAY looking good
- Thread starter Lucstar
- Start date
I was searching for threads on Coles Myer and this thread from 2004 was amongst the search results. I just thought it was an interesting post by Lucstar - call it what you want, by I'd say it was great foresight!Lucstar said:
Private equity players are looking to takeover Coles Myer, with further share price gains anticipated. Amcor has been up as much as 12% over the last two weeks as oil prices fell and takeover speculation surfaced. Mayne Pharma (which came about through the demerger of MAY:Mayne Group) jumped 34% on Thursday after a takeover bid from a US firm.
It may have taken two years from the posting date, but they are looking very good now!
Realist
Billie Jean is not my lover
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Yep he did well....
Had he said AUM, PDN and BHP I'd have been even more impressed.
Had he said AUM, PDN and BHP I'd have been even more impressed.
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Don't get too excited about AMC. It has risen (and obviously fallen as much) 12% about ten times since 2004.
I would actually say AMC was not a good pick, since it has pretty much done nothing in a market that rose 35%.
I would actually say AMC was not a good pick, since it has pretty much done nothing in a market that rose 35%.
michael_selway
Coal & Phosphate, thats it!
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swingstar said:
good point, atm its not an all time high
thx
MS
Yeah, I was actually referring to their performances of late...swingstar said:
But you're right, there is nothing to get excited about with AMC, particularly as management have confirmed that they have not received any takeover proposals. And with oil probably due for a bounce, I think AMC will be a good shorting opportunity this week.
