spoke to CIO of Alan Gray . The stock was inherited years ago when they took over another fund . The holdings is less than 12 basis points of the fund and thus too small to allocate research time too.
the SP pressure is simply AG selling , and to offset this a number of new boutiques funds entering . This is one of these situations described in Seth klarmans book margin of safety where an insto exiting creates a big opportunity.
No doubt aVG currently trading at less than 25% of NTA presents massive margin of safety
Ann: Retail Entitlement Offer Prospectus, page-20
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Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.78M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.5¢ | $222.2K | 1.396M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 479693 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 55000 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AVG (ASX) Chart |