Recent substantial shareholder disclosure shows Billionaire Olivier Goudet and Luxembourg’s Platin raised his stake in Treasury Wine Estates with their voting power rising to 9.04%. Together they own 73 million shares after a series of on-market purchases. We believe the market will start to sniff some M&A on the horizon rerating the battered wine maker.
- We believe the risk/reward towards TWE is very attractive as buying interest returns, initially targeting the $5.50 area.
Trade Idea: Buy Treasury Wine Estates Ltd (TWE) at $4.50, with initial stops at $4.17 , around 7% risk
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