re: Ann: Appendix 3Y - Change of Director... Onceover,
I like reasons like tax loss selling, albeit only a secondary reason, as it indicates light at the end of the tunnel, and possible overselling. Imho it looked liked some pretty pissed off big holder(s) dumping atm, although possibly a broker belatedly broking her clients out, or just a herd of the fearful stampeding.
POE not doing nearly as bad, always seems more rationally priced, with a mc just over $300mm atm (CAD close to AUD atm). I know they have other assets (as we are beginning to get too), but they never seem to get those seen as worth much by the market so perhaps still fair to see that as equating to $200mm for our share, ie just under 30 cps.
Imo ASX200 has meant didly to CVN for a long time, but yes it could be another secondary reason for someone selling - although not that clear to me that they should be putting other peoples pensions into such stocks, by autopilot (and bagging 1% + for it too no doubt.
Hopefully we"ll get something more tangible next QR to start renewed valuations from.
For now buying is gambling (as Stefanis has already said), but equally selling is also gambling, for existing holders.
EL
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