Popular Holdings

[lonewolf]

4) old man is looking for a good exit, to enjoy a good retirement? -

That's something we'd spent some time speculating.. Only time will tell. I'd posted quite a bit on this but hidden amongst all those posts is a conclusion I currently think is most likely. Am not going to share that as it's based mainly on my own wild imaginations and perhaps strong vested interest and bias. If and when that do happen, I'll do a more detailed post...

Let me see if my imaginations are as wild as yours.

The only reasons I can think of for any substantial shareholder to continue buying shares are (1) they think Mr. Market is under-valuing the shares; (2) to provide some support; (3) precursor to eventual privatisation.

And this is where the wild imagination comes in. Maybe the Old Man already has someone lined up to buy his shares and he is acquiring more shares now so that it will be easier for the eventual purchaser to take the company private.