Yesterday Armstrong called for a trading halt and released a "holding announcement".  The announcement states clearly that the Board has received a non-binding proposal from a consortium involving its major shareholder that may result in the delisting of the company.  If this materialises, it will be the sixth company in my Stock Picks that will be delisted / privatised.

This is not the first time that Armstrong has been contemplating a delisting privatisation involving the major shareholder.  Market talk the last round was when market conditions were more buoyant and the share price was even higher than current levels.  In the middle of June 2013, there was strong market talk about corporate action when the share ...