As noted by others on the ARQ thread, CDM have not sold down there holding in ARQ. The percentage ARQ represents has dropped due to the ARQ share price collapsing.
I posted the following on the following on the ARQ thread, but thought it might be of interest here.
"Based on CDM being a fair bit larger than ARQ, a very rough calculation suggests that the 4 1/2% of it's portfolio in ARQ could represent about 15% of ARQ shares. It will be interesting to see how that plays out. Unless CDM can find someone wishing to take a large position in one parcel, they are effectively trapped in ARQ. Any attempt to sell on-market would, even if done slowly, keep pressure on the ARQ share price for ages. And no way can I see CDM shareholders okaying the alternative of a full bid."
Ann: Investment Update and NTA June 2019, page-5
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CDM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
70.5¢ |
Change
-0.015(2.08%) |
Mkt cap ! $210.7M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 72.5¢ | 70.5¢ | $349.4K | 489.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 107393 | 70.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.0¢ | 11990 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CDM (ASX) Chart |