I think the AD is short for 'aioi nissay dowa' see page 4 onwards, that name appears multiple times. A quick google & they're huge but one of their books they underwrite is Toyota's insurance.
A big show of confidence right there, being underwater on the equity placement & still investing heavily. $23m invested over 2 days. Insurance company investing their float in one of the best opportunities going around.
Interestingly the ASX website is telling me on the 18th Feb 1,834,498 shares traded but MS&AD said they bought 2,000,000 on market.... don't see how. Anyone have an explanation?
I'd love to see CGF start to trim the divi & instead buy-back some shares right about now.
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