Extended period of underperformance by ROC and nothing out of Allan Gray.
ROC Board finally embarks on an initiative that results in a 20% SP appreciation, and Allan Gray pipes up to try to block the initiative. And with its relatively small holding, it looks like a futile exercise that only wastes money and diverts attention.
I'm sympathetic to the view that shareholders should have a say when a company is contemplating a greater-than-50% "dilution", but why not do the hard yards and take it up with the rule-maker (ASX), rather than handicapping a single company in which you have an investment?
Ann: Notice of EGM and Proxy Form , page-2
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Last
7.5¢ |
Change
-0.010(11.8%) |
Mkt cap ! $7.514M | |||
| Open | High | Low | Value | Volume |
| 8.8¢ | 8.8¢ | 7.5¢ | $11.61K | 152.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 98479 | 7.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 178571 | 1 |
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| ROC (ASX) Chart |