Just taking a look on the web, it appears that the creep provisions allow for 3% per half year, not per annum as I had thought. The recent purchases of Tata that have occurred over the last 6 months amount to around 1.9%.
I guess the market view was that the increasing stake of Tata may be a deterrent to other major shareholders since the price dropped by 43cents today. But who knows...with RIV the price swings are very large depending on the mood of brokers/traders. This is a long term buy and just ride the swings IMHO.
regards
DF
- Forums
- ASX - By Stock
- RIV
- Ann: Change in substantial holding
Ann: Change in substantial holding , page-5
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RIV (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online