A nice day to buy in, PE 12.5% nice div yield. management seems solid (Engineers), an established business sector with potential.
Associates have been buying at higher prices then current.
I will look to accumulate more.
Questions: re The two substantial shareholder groups, associates of founder and former director I understand:
Pinara Group Pty Ltd & Associated Entities 27,055,528 14.52%
Wall & PM Wall 134,808,151 19.42%
Seem to have remained holders through thick and thin.
1. Could one or other of these be hedging by short selling?
As At 22 Apr ASX Short List
# Code Company Short Week Mvt Days to Cover
184 CDA Codan Ltd 1.10% +0.13% 4
But with only 4 days to cover as at 22 Apr Friday's higher price may have reflected cover buying.
2. What are the chances that they would be interested in a good takeover offer given they held at much higher?
3. Are they Adelaide establishment types with a vested interest in the company HQ remaining in that city?
A nice day to buy in, PE 12.5% nice div yield. management seems...
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Last
$12.03 |
Change
0.200(1.69%) |
Mkt cap ! $2.181B | |||
| Open | High | Low | Value | Volume |
| $11.87 | $12.07 | $11.76 | $2.973M | 248.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 303 | $11.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.05 | 1829 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CDA (ASX) Chart |