Is it a coincidence that there have been some very positive activity on the LSE over recent days with some strong turn-over last night?
I'm reading it as possibly a leaky ship, with those in the 'know' buying in to take advantage of whatever is coming down the chute.
1/ If the doomsday scenarios are correct as mentioned above i.e. CR, poor results, then I would be expecting the opposite market response and a significant sell-off - unless, of course, a CR was directly linked to an outstanding flow test result (maybe the signs/initial flow rates are very promising). They may have found themselves a little short after additional costs and the QR/AGM would have revealed such a situation - so better to get it out of the way before hand.
2/ Equally, Hanson's appear to have a T/O reputation. Such a scenario may, likewise, be associated with better than expected initial flow rates and a suitor may be in the wings (Magna, other?) and Ron is doing some due diligence on getting the best price for shareholders and in managing such an eventuality.
MBOs, MBIs and secondary buy-outs
Sourcing of acquisition targets
Valuation analysis of target companies/assets
Structuring transactions optimally to minimise purchaser risk
Sourcing of debt and equity funding to finance transactions
Bid Defences
Takeovers - recommended and hostile
Public-to-Private transactions
The above could also explain the info hiatus over recent months .... maybe Ron has been aware of these (& other) live options and has been playing a very dower hand - to manage expectations and not being driven by an overly excitable market to make a premature call.
Let's just see how this unfolds - it could be juicy ....... or disappointing.
Realistically, you're never going to please everybody.
OEX Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held