2 reasons perhaps24 Sep 2009 13:07
one is nerves as the 3 month due diligence period draws to a close. The other is the statement which signals that this cash will not be returned to shareholders, but will be received by the company in 2010 and used to aquire something. Not much imagination required to know they will get some favourable terms on that so longer term likely to be good but short term the prospect of a market cap below cash in bank seems very plausable. Unsustainable of course, but in these markets?