The share price has 'moved up' on very small volumes - WCB indicates it will not pay dividends. Why does Lion maintain its shareholding in WCB especially with the sale of their cheese business - it would seem a poor investment with no return.
It makes little sense for Lion to think it can make money out of milk procession, Murray - Goulburn, Norco, Dairy Farmers are supplying the major supermarkets. A2milk is the only brand growing and growing fast.
The majority owners of WCB have their own plans and no doubt it wants and needs 100% ownership.
May be the small but sustained increase in the share price is an indication that someone knows discussions or negotiations are underway to resolve the sale of the Lion shareholding with the same offer made to small shareholders.
WCB Price at posting:
$9.65 Sentiment: Buy Disclosure: Held
