If some of the big boys who invested in this at 200-220 decide to go for a walk then it will drop. However, my guess is that they are waiting for another bid to come through especially as the business is 10-15% cheaper due to devaluation than it was a month ago to foreign acquisitors. Today's ARM deal is only the start of a flurry of foreign buys.
I've held this share for some time and am considering my exist strategy. Its seems to be creeping up, I guess towards the ex-div date. Does anyone foresee, economic, political or otherwise any reason for a large(7%) drop in shareprice before mid Aug?
I have held IOM for a number of years and in the past the share price has dropped after the results almost every year from what I can remember. This year it has gone up and I note that liontrust have announced today that they have increased their holding to over 15%, very interesting.
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