Of course we will never know when/if Perennial will stop selling, but certainly the rate of selling seems to have slowed, and the price sought by Perennial has moved up, from $1.20 to $1.277 (as of 23 Feb) in the declaration, so my feeling is perhaps it won't continue to cap the upwards movement.
A 9.47% stake at the current price of $1.34 still represents a sizeable interest, valued at $17.22 million, which remains quite significant ie their investment remains considerable in VEE. Thus it certainly hasn't discouraged myself as an investor in the Company.
(And investors have bought those shares!)
Ann: Change in substantial holding, page-3
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Last
$1.75 |
Change
0.000(0.00%) |
Mkt cap ! $237.5M | |||
| Open | High | Low | Value | Volume |
| $1.74 | $1.79 | $1.74 | $153.4K | 87.51K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15656 | $1.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 27151 | 2 |
View Market Depth
| Last trade - 15.59pm 28/06/2024 (20 minute delay) ? |
| VEE (ASX) Chart |