CVC got in a few years back when Trojan TJN decided to liquidate their assets. Since then they have been a patient holder.
It refers to purchases made in June for about $1 per share - 500k. (They held about 23% prior)
A major shreholder has to notify the ASX if their shareholding rises or falls by 1%, and this must be within 2 days to memory. So what this is I'm not sure. (Maybe some1 can explain it).
The new purchase takes them to about 24%. At 25% some special conditions come in I think.
But CVC is not a takeover operator. Fund manager.
I think what might have happened is that with recent buybacks, share base has reduced, and shares bought by CVC in June have now taken them past a notification point.
Whether they are buying now or not who knows.
However 1% rise or fall must be notified immediately.
Bad day with world affairs not looking good.
I feel such pity for those ppl.
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Last
$2.10 |
Change
0.000(0.00%) |
Mkt cap ! $244.9M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 499 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.50 | 1000 | 1 |
View Market Depth
| Last trade - 16.21pm 29/07/2025 (20 minute delay) ? |
| CVC (ASX) Chart |
Day chart unavailable