Fund managers have performance targets and can't sit on something forever.
The lack of updates/ forecasts/ communication on the current pipeline is probably why they had enough and started selling. Compare this stock to 3DA who keep shareholders informed on managements vision/contracts in the pipeline and the status updates of those contacts. 3DAs management team include shareholders and make them excited about their vision.
What does AL3 do?
Nothing.
3DAs share price hasn't nose-dived like AL3's for a reason. In fact, at the very risk of the share price falling, management have stepped up tp the plate again and announced - yet again - another shareholder briefing: Amaero to participate in a Meet the CEO and ED briefing.
That announcement was made today.
AL3 has a great business and potential, but the very worst marketing perhaps on the ASX.
AL3's management team are more concerned with winning engineering awards then shareholders. You need both technical and marketing knowhow to build a great company. Management's solely to blame for Perennial's selling. We can't blame Perennial for selling - this is a black box and management refuses to update its shareholders except for major contract wins.
AL3 Price at posting:
18.5¢ Sentiment: Hold Disclosure: Not Held
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