CCU 0.00% 5.8¢ cobar consolidated resources limited

nice....very nice, page-28

  1. 7,247 Posts.
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    By my calculations, PT Barito Pacific Tbk is sitting on a profit of $4.43m. They first bought in 16th April this year and own 19.8%. Bought 13m at 25 cents, and 13m at 40.8 cents.

    That looks like a pretty good reason to expect them to go past 19.8%.

    So one director (Lawrence) and Barito own 33% between them. So it is reasonable to assume that there is less than half the 138m shares on issue available for buyers.

    Gog's post mentions similar. There are few things that will support a rising price better then limited (but not too few) free shares on issue, when the demand is strong.

    Who knows what the Barito will do, but a bit of internet research histoy on them leads me to think that a quick sale is unlikely.

 
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