GC1 glennon small companies limited

Just a word of warning. I have held since the IPO and have...

  1. 5,738 Posts.
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    Just a word of warning. I have held since the IPO and have steadily increased our holdings. However many of the new arrivals won't have remembered the bad days when it was deep underwater from the IPO and the take-up of the options which halved the growth in NTA at the time. It seems that people wanted instant success when the portfolio needed time to be developed


    This stock has its place and it's in my illiquid and  growth area so I am not looking to trade or buy and sell it fulfills a portion of my investment strategy which I don't do well - Small caps and I think you have to have a Michael Glennon around that can do this for you. However its my assumption that it has almost gone too far we are suffering the reverse of the overhang. We have not enough shares being offered and a whole lot of people suddenly noticing the stock. I personally wont be adding above $1.08c as I think the discount pays me for the liquidity issues. I am also not a seller because of where it sits in my portfolio... 


    This is a great stock but beware that what was once a overhang isn't now a shortage that is fuelling the price.

 
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(20min delay)
Last
53.0¢
Change
-0.020(3.64%)
Mkt cap ! $25.57M
Open High Low Value Volume
55.0¢ 55.0¢ 53.0¢ $1.003K 1.865K

Buyers (Bids)

No. Vol. Price($)
1 1924 52.0¢
 

Sellers (Offers)

Price($) Vol. No.
55.0¢ 160 1
View Market Depth
Last trade - 14.07pm 30/07/2025 (20 minute delay) ?
GC1 (ASX) Chart
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