I personally think there is no problem with the company or its management. As far as i can tell they are pretty much still on schedule.
I believe the main reason for the sell down is because of its main shareholder, Absolute Capital. The Fund/s which are invested in CUV will be partially liquidated over the next 12 months. Redemptions are currently on hold, however they will be releasing 10% of the Fund in Feb, May and Aug next year. Considering they hold about 20% of the company, if CUV is one of the stocks they decide to sell down in the beginning, i think there will be a lot of selling pressure on the stock, especially with the lack of liquidity the stock has.
My view is that the sell down would be a good time to buy the stock as the sell down is due to troubles with Absolute and not CUV. This is definately a trading stock in the short term, however a long term hold in my view.
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Last
$15.37 |
Change
0.130(0.85%) |
Mkt cap ! $770.0M |
Open | High | Low | Value | Volume |
$15.36 | $15.54 | $15.18 | $1.274M | 82.63K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 237 | $15.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.50 | 282 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 237 | 15.310 |
1 | 237 | 15.290 |
1 | 237 | 15.270 |
1 | 237 | 15.250 |
1 | 5 | 15.200 |
Price($) | Vol. | No. |
---|---|---|
15.500 | 282 | 2 |
15.520 | 237 | 1 |
15.550 | 237 | 1 |
15.570 | 237 | 2 |
15.600 | 1162 | 3 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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