ABN 5.56% 1.7¢ adeffective limited

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  1. asf
    9,887 Posts.
    Yep, guys. SP now @ 1.2 (again). $2.5m market cap, including $1.5m (pre-costs) raised recently. So, the business has an EV of @ around $1m. It's not the lowest priced business on the ASX, but it is one of them- and this company is performing.

    I noticed that as soon as the share price started having some legs, that the "stock blocks" got put up. Here they are:

    http://cb.iguana2.com/netwealth2/depth/abn

    Patersons seems to own most of this company's shares. They won't allow any exuberance. In fact, we are now back down to the price we had before this good news- a shame. This tiddler is very lightly traded so far, so hopefully, if we get a good Quarterly, Pato's might take the lid off.
 
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Currently unlisted public company.

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