Yesterday saw IRE jump almost +17% as rumours burst around the market that investment bank Barrenjoey was chasing lines of stock in the real time data and information provider on behalf of a financial sponsor. Noises were circulating that they had appetite for up to 10% of the company, if I was the buyer I certainly wouldn’t be happy by the press my purchase was attracting. My “Gut Feel” is something is brewing but after the stocks popped so hard the risk / reward isn’t overly exciting.
MM is neutral IRE around $13
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