Interesting play but you'd want to be a bit careful you aren't playing into the hands of the directors aspirations.
Last Wednesday closed at $1.25.
In 7 trading sessions from last Wednesday, so far have volume of about 201,261 shares say at an average price of $1.43 worth $288,809.
Westpac tells me 127.7million shares on issue. So since last Wednesday market cap has increased approx. $65 million, not bad on $288,809 worth of trading volume.
You have to figure out if the fundamentals are worth $2 to the market in a capital raising. Also husband and ex-wife holding the lions share. You'd want to hope they get on OK. Not your regular corporate set up, but there in probably lies the success so far. Think it depends on how they handle the growth story, so far so good.
Hey JID wouldn't mind knowing what the better opportunities your fund manager friend was going to when he sold you the shares to you at $0.40?
SilentO
DDR Price at posting:
$1.87 Sentiment: None Disclosure: Not Held
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