False alarm. I jsut spoke with Bill Ketelbey ( chairman) and they hve invested the $5m in a very safe-sounding product that gives slightly better than going-interest rate.
It's an interesting-bearing product through Shaw Investing and involves the four major banks and varying term deposits, etc.
Apparently it's better explained in Note 6 of the report, which I didn't read. Note 8 made it sound like stock market investments!
what listed shares did ACW buy for $51.6m?, page-3
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Last
3.5¢ |
Change
-0.001(2.78%) |
Mkt cap ! $94.93M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.7¢ | 3.4¢ | $220.0K | 6.153M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 265101 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 175641 | 2 |
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| ACW (ASX) Chart |