it will be interesting to see if there will be any change in substantial holdings notices coming out. However, if you read Cooper Investor's investment philosophy they are long-term holders and buy companies with quality and reputable management. They would've done their due diligence and met with management before investing. Cooper investments will be holding from the early days when it was trading <40c (they just weren't substantial holders then). Obviously they increased their conviction around October 2016 becoming substantial holders and again in Dec 2016. Their average price probably won't be too far off the current price. Definitely would be a bad sign if they did dump their shares.
All companies hit road bumps along the way and the share price re-rates. however, i don't think the company was highly over valued when it was @70c on a TTM P/E basis. I think about 13-14x...
Anyway good luck holders.
it will be interesting to see if there will be any change in...
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Last
66.0¢ |
Change
0.008(1.15%) |
Mkt cap ! $203.7M | |||
| Open | High | Low | Value | Volume |
| 65.5¢ | 66.0¢ | 65.0¢ | $233.1K | 354.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7781 | 64.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.0¢ | 9713 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| EGH (ASX) Chart |