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The Alinta mess
Published on 2007-03-30 23:40:00
How patronising...shareholders don't know what's good for them and can't be relied upon to take the money and run. That's the message from the Alinta Board in rejecting Macquarie's bid. It's absolute rubbish. Seriously, if shareholders can't be bothered taking an interest in their investment it's their problem, go and buy managed funds.I'm quite happy to take the cash and bolt for the exit, I've
Weird trading in Super Cheap Auto
Published on 2007-03-29 14:44:00
Since I purchased shares in Super Cheap Auto mid way through last year the company has had a great run, doubling in price in a short space of time. But during this run I've noticed some strange trading patterns: small parcels of stock traded, often on an up-tick. There's been plenty of occasions where the shares have traded up strongly against the trend but on quite low volume.I think the first
Will the last Alinta bidder please turn out the lights?
Published on 2007-03-22 04:55:00
So Bob Browning's jetting off to Mobile, Alabama to mess about with boats and Leighton's allegedly not playing. This should put Macquarie in a good position, assuming they can figure out a package that can be sold to co-investors (read patsies) as not being too greedy.Alinta's shares have fallen off a bit back to $14 or so, so presumably all that talk of a 'killer' bid a couple of weeks ago - the
