Why? - Takeover???26 Mar 2009 20:28
Why has this gone up doesn't make sense, unless short term profiteering and people working on the price being at the lowest point and on the bounce.
Property portfolio down 67% and NAV exceeded 60% they made a loss of 628M (with 656M profit in 2007) yet it's gone up???
As for the rise, the last trade is definately a BUY based upon the transaction price.
Personally, I can see this going much higher as this is near 3 monthly high (unless they announce disposal of assets perhaps)
Ah, then again I've just spotted DES increased it's stake holding in the company on 25th March to 51% are they going to announce a further increase in their stakeholding (as it was them buying) and therefore subsequently launch a takeover???
If that's the case then that might explain it!
Pure, pure random thought process and speculation on my part!