Kenyan Oracle wrote:VituVingiSana wrote:Kenyan Oracle wrote:https://www.businessdailyafrica.com/bd/corporate/companies/billionaire-raises-his-stake-in-carbid-to-49-9-percent-3605692
Skin in the game. If he is buying then you know things are looking good.
Likelihood of a take over are very high. If he misses taking over BOC, he might decide to take full ownership of Carbacid.
I would not want to sell at this price. It has a lot of cash which it had kept to be used to buy BOC. The primary business/asset is a cash cow. It has shares whose prices are low but could see gains in the future.
I would rather see an external (not BC) buyer who will pay a fair/full price.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett