yes, thats how I read it too. perhaps Pala have an inkling of possible corporate activity by Dinghy or any number of potential stakeholders within next 12months and want to cover themselves with this "warranty" of 50%... does that not hint already that they feel 34c is possibly too cheap? This covers them if there is a takeover, and yes, harlequin happy to pay it.
So as the Motley Fool says, why r we selling at 24.5c, let alone 23c yesterday, O' Foolish readers? ;)
It aint over yet.. and not by a long shot at these prices.
K2P Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held