interesting situation!! IHG has just given a placement of shares...

interesting situation!! IHG has just given a placement of shares to Guinness Peat for 25cents per share and since the announcement the stock has gone up 25% yes UP. Before the announcement the stock climbed 50% from approx 20 to 30c on heavy volume for this stock and no announcement. My call is that someone is buying any shares that come up on market and we may see either a takeover in the next few months or another fund manager taking a position. Interesting that this stock in the past when it hit 39-40 really struggled but it has closed at 42.5. Anyone else with any interest in this stock or can someone do some charting and see where it is headed????

Final point is that i find it interesting that this stock had a 10-15 fold increase in volume one month before the announcement of guinness peat for 2 days at around 20-22. Point being is that this is a company that leaks information well before release. Having watched this company now for nearly 4 years i have made good money on watching volumes on this stock. Just a point of interest for anyone that wants to watch trading volumes on stocks as indications of buys/sells.