News: SABMiller gears up for fresh Fosters bid , page-7

re: News: SABMiller gears up for fresh Foster... hhhhhhmmmmmmmm....

It appears the market is still backing a higher bit (albeit not as much as when the rumours first surfaced).

Although the ann came out at 3:30pm yesterday and allowed people to jump in I think it has only been widely reported in the evening and this morning.

Obviously with todays trade action around the $5 mark investors do anticipate a higher offer.

Now if we compare the trading action from the original rumour it was prety steady around the $5.20 mark. IMO this indicated the market was pricing in an increaded offer of around $5.50 at least (anything else was cream).

Now we have not been fortunate enough to trade that high today, however some consideration needs to be given to the gitters on world markets as well. So based on our trading action and current global uncertainty I think the market is now pricing in an offer around $5.20.

All IMO.