DBS 0.00% 34.5¢ dark blue sea limited

pga creeps up

  1. 52 Posts.
    Nice move PGA - now 23.5% after 1.2 m changed hands, and they averaged down their entry price as well! Institution selling down? Ouch. It can be assumed they will continue creep provision growth. If the price languishes like at present some people will hope PGA re-enter the fray for control to stir things up again. If they do one would suspect they will need to have an institution on side - that would be close to game over. Management has to perform this year, this qtr. I reckon (unfortunately)Instos will more likely to sell out to a moderately good bid this time around, given the price has tanked when the previous takeover defence was fundamentally for good sp growth. But who'd sell out cheap now?
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