Anybody watching this one??? On my calculations ADL now have in their posssession 3,000,000 shares in Temenos which they paid $7.30 AUD for each share by issuing ADL scrip at 20 cents per share. Temenos shares are listed on Swiss Stock Exchange and on Friday were trading for the equivalent of approx. $9.50 AUD per share, which indicates a gain for ADL of around $6 miillion compared with purchase price by my calculations.
Maybe this is the reason for a little more interest in the stock on Friday
ADL Price at posting:
0.0¢ Sentiment: None Disclosure: Held
