director buy + institutional entrance, especially one with above average returns, is definately a bullish signal. No doubt there are copycat funds/investors out there that will mimic Maoming.
Based on Hendrous's maoming info re it's china plays strategy, maybe they're looking for a cheap entry into AOE if a cash/scrip takeover happens. AOE would be considered a play with China exposure, and they may have been drawn to the brief from the MD of AOE re international growth leading them to EPG. AOE better make a move soon, otherwise the takeover premium will continue to shrink.
EPG Price at posting:
22.0¢ Sentiment: LT Buy Disclosure: Held
