You make a very good point. The buying started as you say on 2 May, by which time the price had mostly fully recovered from the unloading by a significant holder in the weeks prior causing the price drop. Lederer could have waded in during the price fall and but did not which suggests your reasoning is likely correct. They clearly see value at the current share price as do I, and if we get some interest rate cuts soonish that becomes further supportive of the share price, given also we are well below NTA price per share
ECF Price at posting:
62.0¢ Sentiment: Buy Disclosure: Held
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