I have followed AVN for over three years.Watch every days share movement and trades as well. Did notice that a very large clever buy went through when AVN went down on black Monday to195. I see its competitor ISAT also had a good Friday afternoon following its successful launch of its 3rd and final satellite of its Global Express superfast broadband programme. Everyone wants faster reliable broadband speeds that is for sure. Particularly if you trade shares on the stock market. All very interesting but not stupid.
Still, in USD value, only USD 1 million was traded on Friday... AVN market cap is GBP 340m, say 550m USD. So that's barely 0.2% of AVN's market cap... it means that you basically can't build a controlling stake by buying in the market... so it is most likely just a fund that is building a position... maybe Ennismore have come to realise that this is the moment to go long... not uncommon for a hedge fund to make money first by shorting and then later on again by going long...
Agree with you... and i find it extremely intriguing that this sharp rise 1 day rise on strong volumes happened just before a 3 day weekend.... seriously... 3 days to negotiate a takeover price with key shareholders and management, to be followed by a dawn raid on Tuesday ??? Seriously hope so but "feet on the ground" tell me not to hope for it...
All this speculation over a rising share price certainly makes a welcome change. This is one of my largest imvestments and I am currently so far under water that if the rise is too steep too fast I think I will die of the bends. Seriously though, it would be good if a potential suitor confirmed what we all believe in respect to the underlying value of the company. Fingers crossed.
If that really happens then that would be a real genuine old fashioned Dawnraid..... alternatively, given how big the premium would likely need to be to be to convince large insitutionals to sell, they may also as well continue to buy in the market - which would drive up the AVN share price further... and decrease the potential takeover premium... either way, i wouldn't mind:)
.... about timing... big buying w strong upside price pressure right before a 3 day bank holiday weekend... smells like a meticulously planned operation... lets hope that on monday (bank holiday) the buyer (ktkr/mast????) calls big institutional investors in avanti to pitch a takeover offer, then launches it on tue just before the market opens... dream scenario:)) (unfortunately low probability, but still, hey...)
Interesting post there concerning late transactions. the obvious states two late discounted buys then sold them soon after at a profit,then possibly the same person putting the whole lot and more in? lol How they got them prices is a mystery but i must say ive been having problems reading between the share price on here and yahoo between 4pm and 5pm,on here there it states 237-241 but on yahoo 222? just doesnt make sense
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