I agree. All this after management saying in a podcast that the cost savings would be negligible and they could see no worthwhile reason in delisting from the ASX. The timing is diabolical for those wanting to sell, as the price is higher here than in the UK, so unless there is a great announcement coming imminently, there is no way to sell on the ASX. Lawrence Read should have factored that in and delayed or cancelled the intention to delist. Let's hope for their sake that he has been more thoughtful than it appears and that those that want to sell will find an eager and cashed up group of buyers soon.
EUZ Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held