I am optimistic that this is the first step in a strategy to do just that or something similar
If you recall the ERF strategy involved liquidation of an asset to provide a dividend and fund a buy back
It looks like ECF were rushed into this announcement by a media report leaking news of the transactions - it could well be that there is a bigger picture but they weren't ready to release full details.
In fact I would find it hard to believe there is not a strategy behind this and they just decided to sell a couple of properties for no particular reason,
I am optimistic that this is the first step in a strategy to do...
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Last
70.0¢ |
Change
-0.010(1.41%) |
Mkt cap ! $221.5M | |||
| Open | High | Low | Value | Volume |
| 70.5¢ | 70.5¢ | 68.0¢ | $200.2K | 288.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45663 | 69.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.5¢ | 13800 | 1 |
View Market Depth
| Last trade - 15.51pm 03/05/2024 (20 minute delay) ? |
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Last
70.0¢ |
Change
-0.010 ( 1.41 %) |
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| Open | High | Low | Volume | ||
| 70.5¢ | 70.5¢ | 68.5¢ | 90651 | ||
| Last updated 15.51pm 03/05/2024 ? | |||||
| ECF (ASX) Chart |