skc
Goldmember
- Joined
- 12 August 2008
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So it's gonna drop a fair bit immediately, then trend up? Did you see this coming? 16% ! Blimey!!
Did I see what coming? That it'd open high and get sold down?
Not exactly see it coming as such, but I am mindful of what could happen based on the two examples above. A possible explanation is that some investors react to the headline transaction figure and compared that with the market cap and that segment's share of revenue and concluded that the business is worth $2.40+.
I had a plan to buy on open if it was below $2.10, so there was so trade for me on this.
Now the opportunity will come when they announce the capital management details as well as possible funny price action post the capital return.