interesting though to speculate what would have happened to the SP without the announcement - it takes a special talent to shaft investment earnings by so much given the opportunities of last 12 months. Les has been pushing "underlying operating earnings" for 5 years now - but it's bottom line that counts even in a bullshit business like life insurance
One of the quotes from Henri today was "the proposal is at a preliminary stage and a deal might not happen...". Could be it all be PR spin to support the SP? All the news stories today have been about the offer but without the announcement the headline would have been something like "AXA stuffs up best investment market of the last 10 years".
and who was buying all those long options earlier in the week? one of the brothers in court earlier this year for that NAB CFD thing worked for AXA Finance....
AXA Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
