re: Ann: Change in substantial holding ESG by..."However, the pressure that has been applied by the 300 Spartans has them now putting a 'saver' on a NO vote and after the vote they expect to get more aggressive either a direct hostile bid or a long (or 'short', as in shares) strangulation of the price for the expected hostile bid."
Hi Bundalee,
Seen that you raised that interesting point about a directly hostile Takeover from STO if the NO vote will get up, I may add that when Shell did the first move on AOE and that it was subsequently rejected by the Board, Shell started to manipulate heavily the sp until the next move came again on the scene in the form of an SoA. Eventually the AOE Board capitulated because Shell were starving them for money. The manipulation of the AOE shares at the time was done on an ongoing basis and even NAB joined in with the continuous lending and borrowing of shares right up to the last moment just before tha vote came up, in order to keep the sp to a level below the offer price ???
IMO, and in regard to ESG, it is just a repetition of what has happened with AOE at the time.
ESG Price at posting:
82.5¢ Sentiment: None Disclosure: Not Held
