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Aminex any views

  • 04-08-2009 5:04pm
    #1
    heno55
    Registered Users, Registered Users 2 Posts: 123 ✭✭


    Hi has anyone got any views on aminex as an investment, i am interested because i see that jp morgan asset management uk have bought over 9mill shares for a total of over 8% of the company, and a strong buy from a broker,yet the sp fell today by 10%. Am i missing something obvious


Comments

  • #2
    Comordha
    Closed Accounts Posts: 562 ✭✭✭Comordha


    I think the reason the price went down is because there was an announcement today of a full take up of new shares so some existing shareholders holdings being reduced. I have seen some very estimations of this stock, some as high as 40cent.


  • #3
    heno55
    Registered Users, Registered Users 2 Posts: 123 ✭✭heno55


    Comordha wrote: »
    I think the reason the price went down is because there was an announcement today of a full take up of new shares so some existing shareholders holdings being reduced. I have seen some very estimations of this stock, some as high as 40cent.
    yeah read on the company announcements on the ise site that the 1 for 8 offer was oversuscribed by 22% and that these new shares will be available for tading on mon 10th aug, so i am assuming that the drop in sp yesterday was due to the increase in share numbers,still looks interesting but i might wait until monday to see if i will buy in


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