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72.0¢ cadence capital limited

Cadence Opportunities IPO retry, page-17

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mcbj

1,046 Posts.

242

07/10/21

15:17

Post #: 56635995
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Originally posted by peejay2: ↑

Professional qualifications, experience and risk management should have been enough to ensure that Melb IT (where was the phenomenal upside to warrant an 18% holding ?) a. Should not have been purchased, b. should not have even got to that size… and therefore c. there would have been no problems “getting out” !!!!!
Quite simply, the quality of management and the holding did not warrant even entering… let alone an 18% holding, and thus the problem of “timing an exit” in a thinly traded , complex and “on the nose” stock would have been avoided along with the significant loss.
re the medical analogy ? Perhaps if you applied your “weighting” of the body parts and applied that to the percentages that Karl should have applied to Melb IT, it would have been more appropriate.
We are not paying fund managers peanuts ! And we don’t want people monkey-ing around with our money ! Anyway, water under the bridge.. and hopefully the same situation should not (hopefully) reoccur.

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Although you would have to admit that this TMC adventure as all the makings of another debacle.

CDM Price at posting: $1.05 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 72.0¢		Change 0.000(0.00%)		Mkt cap ! $214.6M

Open	High	Low	Value	Volume
72.0¢	72.0¢	71.0¢	$88.90K	124.1K

Buyers (Bids)

No.	Vol.	Price($)
3	17034	71.0¢

Sellers (Offers)

Price($)	Vol.	No.
72.0¢	28095	2

View Market Depth

No.	Vol.	Price($)
3	17034	0.710
10	194429	0.705
10	173062	0.700
1	10000	0.695
6	24326	0.690

Price($)	Vol.	No.
0.720	28095	2
0.725	53000	2
0.730	86338	5
0.735	48581	3
0.740	194965	4

Last trade - 15.28pm 22/07/2024 (20 minute delay)

CDM (ASX) Chart