20% premium buy24 Jan 2018 11:56
It's quite the endorsement that MTR was willing to pay a 20% premium to invest in THR.
Larger buyers of stock are almost always wanting in on the cheap and coming up with ways to get what they want e.g. discounted placings etc.
A 20% premium buy indicates that MTR is very keen indeed to get hold of shares and is willing to pay significantly higher than the going rate to get them. Not just 5% or 10% higher, but 20%. So the share price still has to move up 1/5 before they even hit breakeven.
A shrewd operator such as MTR would only be prepared to risk buying at a premium when it sees significant potential upside. So yesterday's strategic investment is certainly bullish and worth noting given MTR's prior success in direct equity investment.
Follow the money.