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BAL, BELLAMY'S AUSTRALIA LIMITED
blacksheep
post Posted: Nov 15 2019, 11:45 AM
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In Reply To: early birds's post @ Nov 15 2019, 11:23 AM

Very brave of you to short - shortman chart shows a dramatic fall in shorts after the Mengniu announcement in September - a few bravehearts then took the gamble it wouldn't be approved.

Still has to get shareholder approval - slim chance they won't

https://www.shortman.com.au/stock?q=bal





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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

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mullokintyre
post Posted: Nov 15 2019, 11:44 AM
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In Reply To: early birds's post @ Nov 15 2019, 11:23 AM

EB, you are only a Demigod.
Need twenty more successful trades to reach the stock god pinacle.
Mick



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sent from my Olivetti Typewriter.

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early birds
post Posted: Nov 15 2019, 11:23 AM
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In Reply To: early birds's post @ Sep 18 2019, 12:56 PM

my shorts been stopped out. really thought FIRB will reject this takeover given that sentiment against Chinese so strong atm.

got it wrong!! and paid for it.. weirdsmiley.gif

oh well!! can't win all the time!! otherwise i'd be stock god. lmaosmiley.gif




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blacksheep
post Posted: Nov 15 2019, 11:14 AM
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FIRB approval received in relation to proposed Scheme
QUOTE
Bellamy's Australia Limited (ASX: BAL) (Bellamy's or the Company) announces that the
Foreign Investment Review Board (FIRB) has today provided written notice to China Mengniu
Dairy Company Limited (Mengniu) that the Commonwealth has no objection to the proposed
acquisition of Bellamy's by a wholly-owned subsidiary of Mengniu, by way of a scheme of
arrangement (Scheme).

The implementation of the Scheme remains subject to a number of conditions, including
approval of Bellamy's shareholders at the Scheme Meeting, court approval, and the satisfaction
or waiver (where capable of waiver) of certain other customary conditions as outlined in the
Scheme Implementation Deed released to the ASX on 16 September 2019.

The Bellamy's Board continues to unanimously recommend that Bellamy's shareholders vote in
favour of the Scheme at the upcoming Scheme Meeting to be held at 10.00am (AEDT) on
Thursday 5 December 2019,
in the absence of a superior proposal and subject to the
independent expert continuing to conclude that the Scheme is in the best interests of Bellamy's
shareholders. Subject to those same qualifications, each Bellamy's Director intends to vote all
the Bellamy's Shares held or controlled by them in favour of the Scheme.

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
jacsar
post Posted: Sep 18 2019, 02:31 PM
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In Reply To: early birds's post @ Sep 18 2019, 12:56 PM

Time to have a look at Jatenergy [ JAT ] and their position in the China trade

 
early birds
post Posted: Sep 18 2019, 12:56 PM
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In Reply To: mullokintyre's post @ Sep 18 2019, 08:19 AM

https://www.afr.com/companies/agriculture/a...y_Sent=18092019

She said Chinese regulators had taken a "logical and sensible" approach to managing the country's infant formula market. lmaosmiley.gif

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Mick, do you believe what she said???????? i for one---am not!!!!

agree with you on this---------we only sell milk products, not golden goose. that is why we have FIRB at first place.....

short BAL now, risk 80 cents loss. if deal been rejected by FIRB then the shorts can reap few bucks reward. imho though



 

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henrietta
post Posted: Sep 18 2019, 09:48 AM
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In Reply To: mullokintyre's post @ Sep 18 2019, 08:19 AM

And they will happily buy our coal mines as well. We really are dumb and near sighted.

Cheers
J

 
mullokintyre
post Posted: Sep 18 2019, 08:19 AM
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In Reply To: nipper's post @ Sep 18 2019, 08:17 AM

Capitulation? More likely Manipulation.
Why some people keep saying that we must be open to trade with China is beyond me.
They are only interested in trade if it benefits the Chinese mainly.

Mick



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sent from my Olivetti Typewriter.
 
nipper
post Posted: Sep 18 2019, 08:17 AM
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In Reply To: bg99's post @ Sep 18 2019, 07:56 AM

Probably called capitulation?

BAL couldn't get a license for China, then the state affiliated company makes an offer.... ..and obstacles will mysteriously evaporate



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
bg99
post Posted: Sep 18 2019, 07:56 AM
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In Reply To: nipper's post @ Sep 16 2019, 09:37 AM

Company directors support foreign investment invasion

https://smallcaps.com.au/chinese-takeover-b...ownership-laws/

 
 


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