PM Bolt-On: Just Eat (JE.), is a 43+% abstention really a vote of confidence!?!? + Iron Ore (no) Investigation + the Chinese / Australian Volte-Face

Good Evening,

Something that was planned for tomorrow, but being time limited, it was to do it now or never. 

In just before the final bell today, Just Eat (JE.) complete the bookbuild at 425 pence, but the biggest issue being 43.67% of the stockholders have declined to take part. Namely JE.'s main three pre-IPO investors, The Sara Marron Discretionary Settlement, Index Ventures and Vitruvian Partners. So far all three have indicated they do not intend to take part in the placing or open offer. One certainly to watch, this vote of confidence is far from positive. 

The Australian Government walks away from an iron ore investigation that appears to have kicked up a storm (perhaps in a tea cup). Witch-hunt or common-sense? Australia may have just inadvertently kicked their currency in the proverbial. With wisdom, yet again closing out longs on GBP vs. AUD earlier than planned, as it approaches a key support level. In fact closing all GBP Vs, out on the basis of an unprecedented run which has little reason or substance.  

With Rio Tinto and BHP Billiton having their plans scuppered by the Chinese deal with Vale. It is a true and perfect bi-volte-face of deals. Not only taking the control away from Rio/BLT (read as also putting pressure on) but diversifying supply for China. Fortescue Metals (FMG) are likely to be under pressure as a result. More importantly China's about turn with Valemax suggests some very strategic deals are likely to be put in place, having previously been prohibited from ports.
Can Atlas Iron relist as a result? 

Atb Fraser

Apologies for grammar, a late one!