Good morning folks.
If you were Pacific Road and had 36% of a company that that was now worth over $150 million, substantially up over what they put in less than 5 years ago, and knew they had the ability to sell all their holdings with little disruption to the company before the EOFY. I can see why they have done it. It's a bloody good profit. Think about how amazing Pacific Road is going to look as a fund manager on the local rankings. Performance over 1, 3 & 5 years will be pretty good.
They can legitimately claim they identify small companies and actively participate as a shareholder. If it wasn't for their backing Aurelia may well have have gone under.
Having held shares in company who had a major shareholder owning over 35%. Then they suddenly offloaded their holding to a large Chinese miner who subsequently launched a low-ball takeover was a horrible outcome.
Now we have a number of fund managers that own Pacific Roads stake and dilutes this possible outcome. I would have expected JP Morgan to have sniffed out the possibility of a large buyer wanting their whole 36% if one was around.
Personally I'm very pleased to see a spread of instos now on the books. It gives us some protection from a low-ball takeover. Perhaps in another year when the market sees what the consolidated mines actually produce, cash flow, exploration plans/results we might be more attractive than we are today. If not I'm looking forward to a multiple dollar share price.
All the best.
KKR
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $304.4M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 17.5¢ | $275.0K | 1.530M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 656462 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 134486 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 656462 | 0.175 |
7 | 1131661 | 0.170 |
7 | 812762 | 0.165 |
6 | 417378 | 0.160 |
6 | 422034 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 134486 | 4 |
0.185 | 1180440 | 18 |
0.190 | 237718 | 4 |
0.195 | 322395 | 6 |
0.200 | 1149931 | 7 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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