Note, big after hours volume was an insto cross trade - not part of the open auction.
IMO brokers and their clients just waking up to understanding that what IMF said in its FY19 results pack was true (and not an lame excuse for FY18 results). Also, the very early win in Fund 4 is showing that revenue to IMF from these funds is likely to occur sooner than some may have thought.
The managed fund model also makes cash flows more consistent, something favoured by analysts/fund managers.
Personally I think it’s re-rating. I bought in on this thesis recently - it’s just seems to be occurring faster than I thought it would (both ann’s from IMF and market reaction).
Ann: Investment Portfolio at 31 December 2018, page-18
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Last
$1.00 |
Change
0.020(2.04%) |
Mkt cap ! $282.5M | |||
| Open | High | Low | Value | Volume |
| 96.0¢ | $1.01 | 94.0¢ | $184.7K | 190.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 682 | 99.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.00 | 3010 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| OBL (ASX) Chart |