Wednesday 4th March 2015
I've bought a wodge of Smith & Nephew (SN/ LN) at 1140p/shr and an 1100 put.
Yesterday's move by Stryker (SYK US), in announcing a $2 billion extension to its authorised buy back scheme, seems to me to be a mere attempt to pour cold water over S&N's potential purchase price. And so I reckon that suggests a bid could be imminent. North of 1350p/shr would be satisfactory.
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| Smith & Nephew share price Source: Bloomberg |
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| Stryker share price Source: Bloomberg |
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Hi Matthew
ReplyDeleteI was wanting to get in touch directly to discuss a stock, but can't seem to find a way of getting in touch. Could you let me have your email address or email me work(at)chrisclothier.com or DM me via twitter @chrisclothier.
Appreciate it.
Best wishes
Chris