Ann: Ceasing to be a substantial holder from CBA, page-4

  1. 533 Posts.
    lightbulb Created with Sketch. 4
    Has to be a quick dump I'd say patient, - dunno where from.

    This was a bizarre one for me, two days ago when entire market went RED, this one was in GREEN part of day to close even steven. Yesterday then, was a bit of a mystery for me. We havn't been this low since, January I believe.

    I might note that GEM released a strong acquisition ANN a few days back which I thought, 'grrrrr, wish it was the AFJ team releasing', and GEM went backwards too. So might be weakness in the sector.

    That said, we're getting every close to Calendar Year 2015, which is where the prospectus noted first dividends COULD be paid. That should help to make our offering more attractive, particularly to mum and dad investors.

    The other point that could be made, if people took up rights issue at $1.12, and with the price dipping to $1.11 yesterday, perhaps some automatic sales were triggered on the fall with investors protecting capital short term.

    It's been a while since our last big ANN, I would hope management are tightening the ropes, and maybe using that war chest (albeit debt facility) to chase some cash.

    Long term here, I'll admit I was happier with this stock at $1.50 but if this trend continues, I might take the opportunity to top up - although I was actually hoping to allocate capital to some major blue chips, so I'll prolly ust keep sentiment at hold.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.