My understanding is that these are ESG funds, which for those who don't know are Environmental, Social and Corporate Governance funds. By their nature they are long on stocks that tick all the boxes. The raising was well over subscribed so EGR would have been in a position to cherry pick the funds to enter. However the managing broker will have got their hands on some which could well be dumped back into market. Lets see.
As the shares aren't issued until tomorrow the new subs will then have another 5 days, I think, to disclose. Hopefully they'll announce sooner.
Ann: Change in substantial holding, page-20
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $47.67M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.5¢ | $22.00K | 209.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 340000 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 139712 | 4 |
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| Last trade - 12.12pm 31/07/2024 (20 minute delay) ? |
| EGR (ASX) Chart |