A belated Happy New Year to all. Good to see IG is still up to his self-centred antics, but as he'll tell you, the SP isn't his concern - they are his shares after all.
@prhb, Agree, the psychology of this thing is very interesting! And even though it's in a downward spiral, I feel strangely calm with where the business sits. At some stage the SP will follow, but when?
The idea that IG is selling down to help attract a potential JV partner, or other larger investors, is a strong possibility - IMO. But the fact that he still sits at 18% PLUS has holding the chairmanship, is still way to much power for 1 individual to wield - if the aim is to attract larger investors. Now is certainly the time to start reducing his influence, esp as ALK should crack the 100Koz within the next 12 mths - which is probably another minimum base criteria for investment.
And within that time ALK will also be showcasing a very robust BODA business outline - more than likely at an equivalent size of potentially 3-4 "add-ons" that they could have invested in over the past 2-3 yrs. And all of it has been self funded. Kudos for that.
Unfortunately, IMV, until IG reduces his holding closer to 10% - or buggers off the Board - or preferably both, I feel ALK will be anchored to a small cap, one owner that just won't cut the investment grade for larger investors. But if any of this happens, my call is that the anchors will be cut loose - and that's just on the basis that the ALK business is just that good.
I look forward to the day IG becomes 'just a sub holder'...
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Last
55.5¢ |
Change
0.015(2.78%) |
Mkt cap ! $334.9M |
Open | High | Low | Value | Volume |
56.0¢ | 56.5¢ | 55.0¢ | $760.5K | 1.361M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 337985 | 55.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
55.5¢ | 2316 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 337985 | 0.550 |
1 | 15352 | 0.545 |
5 | 98499 | 0.540 |
1 | 1869 | 0.535 |
4 | 26452 | 0.530 |
Price($) | Vol. | No. |
---|---|---|
0.555 | 2316 | 1 |
0.560 | 151421 | 6 |
0.565 | 430723 | 5 |
0.570 | 172500 | 7 |
0.575 | 87391 | 2 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
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