Hey Khopchai You might be correct. However, the selldown on...

Hey Khopchai

You might be correct.

However, the selldown on 24Jul was orchestrated so any premium paid would be based on the lower price but even the selldown saw only 3m shares traded which is unremarkable. I guess what I am saying is that the selldown wasn't global and I am sure a lot of stop losses were executed on the day (cause & effect). Now that we are down here at the mid .80s it's hard to get things moving up again with the spectre of a M&A activity hanging over us. I just wished they got on with it.

If you have a look at the average traded parcels on one day it was under 500 shares per trade. Even now as I write it's under 1000 per trade so it's the programmed bot trading that is causing a lot of our grief - small sample of today's trading below and they they call this the market - so nothing to do with fundamentals or DLS.

Just not sure how this all looks for SVW having paid a better than 20% premium for both DLS & BPT. Also not sure how the top 20 are reacting or will react, plus a bit perplexed why the support level for DLS is so low although I do note that the Buy/Sell ratio has improved somewhat today up from 3:1 to 1.5:1.

So it's a waiting game for now.

Cheers
BW
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