Fairly incredible action here in Europe on Friday, DAX +4% not to mention FTSE +2.2% and of course the DJIA +1.6%
These are significant moves & in light of IOH having bounced off the low 79c mark I reckon it's worth considering another handful around the 90c mark on ASX open Monday.
I still think Stokes will make an offer to buy out IOH this year I just hope we get some action on Bungaroo before the bid because if not I worry that an opportunistic bid around the $1.60 mark could get up and that would be a complete disaster for long term holders IMHO.
IOH Price at posting:
87.0¢ Sentiment: Hold Disclosure: Held
