Bullish Sign? - Bounced off 200 EMA, page-2348

..and in regards the soliloquy on M & A ...
It has to end .
@Pioupiou I know I should have probably written ‘was’ not ‘were’ up there and I start sentences with ‘and’ a lot and use Latin liberally but lackadaisically  and do not review my posts more often than not.....
And the spelling is atrocious : /
Still I would appreciate your contribution in regards these stories from last year .
You hold Monadelphus, most likely not so much in the bottom drawer as I do and therefore I wonder if you have any ideas on what became of this intent ...
Published EOFY 2017:
https://www.copyright link/business...nterim-net-profit-drops-24-pc-20170220-guh5cv
“Monadelphous prepares for takeover bid
“Monadelphous is believed to be working on an acquisition of a civil engineering company worth about $300 million....”


On the same day it was also doing the opposite :

https://www.businessnews.com.au/article/Monadelphous-pours-cold-water-over-acquisition-talks

”Monadelphus Pours Cold Water over Acquisition Talks .....”


Yet the idea was first reputedly reported back in February 2017
https://www.copyright link/business...nterim-net-profit-drops-24-pc-20170220-guh5cv

..”Monadelphous is considering making its biggest ever acquisitions to diversify into civil infrastructure and compensate for a slowdown in resources-related construction activity.

The engineering group, which reported a 24 per cent fall in interim net profits to $28.6 million, is prepared to make "material" acquisitions to give it the critical mass to compete for infrastructure projects, Monadelphous managing director Rob Velletri told The Australian Financial Review.

"We'd like to get into the transport sector into the areas of road and rail where there is significant work going on," Mr Velletri said.

Acquisitions currently being considered by the company - some of which are at "an advanced stage" - would be "more significant" than anything it has previously bought, Mr Velletri said, adding that previous purchases have generally cost "low tens" of millions of dollars.”

Cheers