obiero wrote:My 2 cents wrote:Are investors reacting to the possibility of a buy-out by Equity?
Im thinking it is a price correction to reflect fair value, considering turn around strategy of new CEO. The firm has on average not traded more than 10,000 per day over the last three years, meaning original shareholders are still within
last week it traded the biggest volume in 5ys in a single day (more than 1% of its total shares) since then the breakout from 4 has been well sustained. with a book value of above ksh 20 even with a big discount a buyer will still create sizeable value to shareholders compared to the current price
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope