pillar2post23 Aug 2011 14:36
I can't believe that they are short on their own trades, I expect that this is being held for a client but I know that I would be pretty pi>>ed if my company broker was taking shorts on the stock. Whoever is holding this short position does not expect a takeover to occur nor does Asset Value Investors Ltd who have been consistant sellers over the last month although they still have 10m shares.
Looking at the signs, it would appear a takeover is not on the immediate horizon and I would expect the 10m injection to be the only news this week. If a takeover comes, it will be once the PIs have had their holdings diluted.