DFM 0.00% 83.0¢ dongfang modern agriculture holding group limited

Ann: Ceasing to be a substantial holder-DFM.AX, page-9

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  1. 308 Posts.
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    Yeah none of it makes any sense.

    With an average price of $1.025/share which is lower than the price that DFM has ever been since listing it means they must all have been sold off-market, since any sale at any market price would have moved the average up.

    It makes no sense given that DFM hit highs of $2.49. Why would Super Fusion not sell small parcels at ANY price higher than $1.025, i.e. at literally any time since listing they could have gotten a better price.

    Conversely, if Super Fusion had sold some on market that implies that the balance was sold way below $1.025/share which would also ring alarm bells.

    I don't hold but I have been watching DFM since listing as it feels like a "too good to be true" story, listing on a P/E of 5 with crazy strong growth in the underlying business. Like someone else said, it made no financial sense to list it.
 
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Currently unlisted public company.

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