Can't blame UBS and Credit Suisse heading for the exits after holding through the initial barrage of post re-listing selling from Fosters and Canaccord. Broker data has them inactive for now (will confirm over the coming days) however not surprisingly Pershings were the biggest net sellers last Wednesday. Worth mentioning that Bell Potter bought another million... That's net buying of nearly 5.9M shares over the last 4 weeks excluding what they got in the placement.. Kia ora, someone is having a crack!
The arguably belated launch of the Veteran's Call app. imo was all about proving the technology for potential future white label agreements. A closed deal here in either the faith or celebrity giving sector imo could potentially revolutionise traditional giving in the US? This is where it's at for ACU imo.
The ACU register imo was set up nicely prior to the placement, here's hoping our new NZ friends can clear the placement overhang for shareholders that got in after the initial re-listing... With the SP under pressure, will also be interesting to see whether Fosters can hold their load?
Time for mgmt to fire up imo!
DYOR
ACU Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
