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WCL

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39.5¢ westside corporation limited

clearly "someone" thinks a higher bid is coming? that Buy depth...

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jake0002

6,942 Posts.

746

01/07/14

13:30

Post #: 13594582
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Originally posted by jake0002 ↑

"It can't be NHC, it can't be LB. It could be hedgies looking for a sweetener or just new investors seeing value. "

it can be NHC, but it cannot be LB. it could be hedge funds.

L/B has stated 40c is Final, subject to a competing bid emerging.
Were L/B to try to increase bid after stating 40c was Final, there would be consequences eg WCL could go straight to Takeovers Panel and get those acceptances voided.

And L/B specifically alluded to that in their reference to "Truth in Takeovers" comment.

NHC can buy onmarket - they are only subject to "creep provisions" (ie 3% every 6mths) up to 20% takeover threshold.
so it "could" be NHC - but they would need to notify the market once their s/h increased by 1% movement - maybe we might hear something tomorrow????? if it was them.

Yep hedgies might be buying? Could also be an investor who wants a seat, because he likes the WCL story?
who knows.

Frankly nothing would surprise me now.

If s/h don't believe the WCL story, then now is the time to bail out. No point holding if one does not believe the development option.

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clearly "someone" thinks a higher bid is coming?
that Buy depth at 40.5c keeps refilling.
that "someone" buying must have deep pockets as they are soaking up serious quantities of scrip now.

WCL Price at posting: 40.5¢ Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

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Add WCL (ASX) to my watchlist

clearly "someone" thinks a higher bid is coming? that Buy depth...

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