I've followed the stock for a while and see that it has reasonable room to perform in the coming year, that combined with recent bid news has made this attractive personally.
I just thought based on my personal chart analysis, we could see this go a bit lower, before an established upward trend takes over. Unfortunately, some of my chart analysis over the last few days, hasn't been extremely accurate, although in the majority it's seemed to have worked okay. Recent turmoil and volatility in the general market combined with bad news seem to be causing the issue in my analysis, so still working on improving this.
I believe management had a resounding argument to reject the McCormick & Company offer, I do believe maybe the whole bid process could have been managed a bit better. A bid closer to the 90p mark would be more fitting and some (maybe even few) would say this is conservative, but looking at debt levels and the pension deficit, I think 90p would represent a good offer.
lol sold lonmin mining 1.16 to buy premier foods thought was a dff take over paid .58 now lonmin 1.93 crappy premier .39 falling cost me thousands bet i am not alone chairman should be ashamed of himself
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