London: Investor Journal, 5th July
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Market insiders indicate tat as much as 15% of Cromwell stock has changed hands in recent months, of which as much as 11% may have been acquired, almost entirely through intermediaries, by a single "mystery buyer"
"Cromwell has been a potentially take-over target for some time," says respected analyst Silas Grimshawe,"and these purchases may represent initial moves in that direction. It's a juicy target, with good producing assets and excellent technology, and with a tightening of management significant cuts should be achievable in operating costs, boosting profitability significantly over what its current adherence to what many regard as "gold-plated standards" impose on it."
Cromwell stock is currently trading at 389, sustained by market interest
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