The stock price has definitely moved as if an sale is going ahead. This rumour has been around for the past quarter when issues were arising in France re Group Casino’s performance, since then the news has been quiet except for a potential REIT in the offerings.

Now we have brokers doing relative valuations of BIGC (PE 20x)and MAKRO (PE 50x) and past deal comparisons which have research stating that THB 250/share may be a possibility.

This will be amusing to follow…