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3.92%

24.5¢ paradigm biopharmaceuticals limited..

Ann: Change in substantial holding, page-10

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TanamiRod

589 Posts.

246

23/05/24

08:08

Post #: 73966355
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Originally posted by Denial: ↑

If the writing is on the wall and the sky is falling you have a choice!

However, some will note only their speciality funds have been selling down which are all "income funds". This is important in terms of the underlying investment mandate and ability to hold indefinitely without any likelihood of PAR generating a dividend within the next 3 years. They can hold such stocks but clearly the fund manager of these individual income funds have made a call to reweight to something else he/she knows will more likely get him his/her annual bonus.

IMO the net increase in holding is better than net decrease. If they continue to sell down more broadly across all funds then they have lost faith in PAR's ability to deliver on the original investment thesis.

Admittedly PAR is a difficult hold given their track record.....very few wins hit in terms of timeframes and budget. But so was the market perception of MSB, RAC, IMU etc until more recently.

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I always thought it was a little naughty to have a zero revenue company in an income fund in the 1st place.

PAR Price at posting: 24.5¢ Sentiment: None Disclosure: Not Held
6 Upvote

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(20min delay)
Last 24.5¢		Change -0.010(3.92%)		Mkt cap ! $92.81M

Open	High	Low	Value	Volume
25.5¢	26.5¢	24.5¢	$78.11K	307.3K

Buyers (Bids)

No.	Vol.	Price($)
4	14100	24.5¢

Sellers (Offers)

Price($)	Vol.	No.
25.0¢	46528	5

View Market Depth

No.	Vol.	Price($)
4	14290	0.245
6	60832	0.240
7	79221	0.235
9	123399	0.230
7	81922	0.225

Price($)	Vol.	No.
0.250	46528	5
0.255	13725	4
0.260	14895	2
0.265	118932	9
0.270	31581	3

Last trade - 12.01pm 13/09/2024 (20 minute delay)

PAR (ASX) Chart