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renew - Fri, 30 Dec 05 :

As a long term holder of these the trading pattern the last couple of weeks has seemed very strange to me.
Selling in reasonably small quantities dropping the price during the day with reasonable size buys (moppping up the sales) picking up the price towards the close.
Small sales presumably PIs worrying that no announcement before year end is bad news but why would somebody be mopping up between 210 and 220 unless they were very confident taht there will be some positive news early in the new year.
Whichever way Vs negotiations are going there must be alot of people in the know or with a good idea of what is going to happen by now (Didnt MD say they were talking to 10 to 12 companies). Some info must be leaking into the market.If there was no interest in a deal that would lead to Vs being taken up it would surely have lead to a price dive by now.
Conclusion a deal announced 2nd /3rd week of Jan. but maybe not the blockbuster we were hoping for 2 years ago!


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