M&c Saatchi Takeover Rumours (SAA)

The volume has been ramping up significantly since mid-November in line with the rise in price so some heavy accumulation seems to be going on. There was takeover interest here before with both AdvancedAdvT and Next 15 Group bidding, so SAA could certainly be a target again. A larger than usual number of bids in the UK recently helping bring buying interest back to the smallcaps.

Another likely takeover target here. Someone is keen today with 1.2m matched with 3 lots of 400k @151p. Some large sell orders sat on the book at 152p right now though. Will the market buy through those or is there still a big seller at 151p that halts the rise here. All imo DYOR 18/12 08:56 Just noted that there looks to be a trading update scheduled for this coming Friday. Don't know if that source is right, but watching from the sideline to see how trading is going. Prefer to see the update first. The market clearly believes the next update (whenever it is) won't see any major deterioration.