I suspect part of the reaction is market worries that TPG just did a selldown recently, and that CEO might want to sell too, and that TPG might sell their remaining 32% in a hurry. But barring any surprise - TPG might be holding off for now - until confidence returns, if they did have those plans.
I think the perfect market conspiracy theory event would have been (in counterfactual) TPG selling the rest, and then the CEO announcing his resignation, while a buyback was going on, or a huge dividend coming. Since that has not happened, I feel quite confident that this will drift back to where it came from.
Ann: Ingham's CEO Transition, page-9
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Last
$3.13 |
Change
0.030(0.97%) |
Mkt cap ! $1.133B | |||
| Open | High | Low | Value | Volume |
| $3.12 | $3.14 | $3.10 | $2.160M | 691.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $3.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.13 | 55165 | 9 |
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| ING (ASX) Chart |
