Aside from all the BS about the chart and the lack of interest for anyone to post about it... (fingers crossed for charts thread request)
We all know the news as per the sub holder notice annc out today at 3.01pm about CF buying on market and now close to 10% holding. And also they are buying at the most recent highs with this latest notice, which seems they are very keen for 1 of 2 reasons;
* They plan to forward a takeover proposal to the company at a premium to the current price of 20/20.5c
OR...
* Being in the surfing industry themselves, like all things they hear certain rumours and in this case they know of a Private Equity group or even Justin Cameron planning to make a takeover bid for the company at a premium to current sp. So therefore they know they will be making a nice profit with their 10% holding (in and out, thanks for coming)
Thoughts ?
SRF Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held