Finally some news on the 4.5m SHV shares owned by TIM.TIM's...

Finally some news on the 4.5m SHV shares owned by TIM.

TIM's liquidator has called for Expressions of Interest to purchase the 4.5m shares (11.4% of issued capital) that TIM owns in SHV. The EOI closes at 5pm on 9/3/10.

Clearly they were never going to be able to dump them on market given the low liquidity of SHV. I had thought that Olam would be interested, however this announcement suggests that either they weren't interested or the liquidator feels they can get more for the shares.

Sentiment is finally on the improve with the half year results, the improved debt position, the drought easing, the retaining of management rights to the former TIM orchards (albeit at reduced margins), the growth/acquisition prospects and finally some movement on the stock overhang.