Time will tell! But these sales are out of character for M&G in this stock. The internal champions for MSB at M&G are now gone, as have the key contacts in the Bell Potter London office who had close professional relationships with the key people in M&G. The recovery fund is run by professional managers who may not have the same commitment to MSB, and they will be under the pump. MSB has been in the "recovery fund" for a long time - I can understand it if they are losing patience!
It's worth reading Michael Stiasny's commentary on the fund performance, which has been less than stellar. While publicly as at 30 June last year, he remained supportive of MSB it will be interesting to see what he has to say in the 2023 report.
A pattern is starting to emerge, only time will tell if it is a temporary aberration!
Ann: Change in substantial holding, page-61
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Last
$1.03 |
Change
0.080(8.42%) |
Mkt cap ! $1.176B | |||
| Open | High | Low | Value | Volume |
| 95.5¢ | $1.03 | 95.0¢ | $43.38M | 42.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 72752 | $1.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 205100 | 2 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| MSB (ASX) Chart |