Have a think about why one would do this, assuming it's him buying? He does know the mortgage industry well and is known for his opportunistic skills.
I have trouble believing, however, that it's because he thinks management are going to find capital gain opportunities to exploit. Nor that he likes the market. More likely, is that he thinks RRT will be liquidated. And if Book is around 90c, and suppose we take another 15% value and transaction hit, Kinghorn could expect to see RRT selling at around 75c. Remember there is the 'strategic review' underway. This would net him about a 38% gain on his current buy price, so if you knew it will be liquidated, it's a good gain for little risk.
- Forums
- ASX - By Stock
- RRT
- 10 mill buy at 28c
RRT
record realty
10 mill buy at 28c, page-2
-
- 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 RRT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online