ALA 3.23% 15.0¢ arovella therapeutics limited

Artimist AGM, page-13

  1. 3,662 Posts.
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    I don't believe it to be overly baffling Waza.

    There are fund managers out there who may for instance own 40 MIL suda shares inside a $1 BIL fund and may have decided there investment inside suda no longer fits certain criteria of the fund they manage perhaps due to the mkt cap of the company or for other reasons and have decided to sell down and move on.

    Now a 40 MIL share investment in suda ($1 MIL worth ) inside a fund that is worth $1 BIL equates to around .1 of a % of the fund so in effect sudas value may triple however the net effect of this on the overall performance of the fund is very nominal hence why it's easy to understand why a fund manager may abort at this time or at any time really for reasons of becoming bored of the stock so to speak. Similarly they may have other stocks whose total investment inside the fund equates to $50 -$100 MIL plus hence these have much greater significance in overall performance of the fund.

    The long and the short is it's too small a company and to small an investment for them to really care about what the future may hold.
 
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