In my experience in situations like these is that when the big guys tip in the funds they like to grab all the upside for themselves hence my suspecting a minority buyout.
How does one explain a big institutional buy-up and the price hardly responds?
If the yield is sustainable its an attractive insto hold at present rates of interest and hard assets like infrastructure are a good hedge in inflationary times.
Nevertheless Orbis's research must be fairly positive for them to have moved on them as they have.
HDF Price at posting:
$1.01 Sentiment: Hold Disclosure: Held