This idea of a demerger is crazy and I'll be voting against it. The market has rightly disagreed and sold CDM down. I agree with MJS, this stinks of trying to lock in performance fees.
If I want to invest further in TMC, i can easily buy it myself, I don't need it in an illiquid LIC that will trade at a huge discount to NTA. It's Karl's job now to sensibly re-weight his portfolio over time, as he would do with any 'winners' he backs. The 180 day lockup just means this needs to be accounted for (some earlier disclosure of this would have been nice...) and he may not be able to begin re-weighting for 6 months (but possibly sooner if price gets to $12). These are the same trading conditions most pre-IPO investments would be under, nothing special here, nothing worthy of a spinoff to account for 6 months of illiquidity.
- Forums
- ASX - By Stock
- Ann: Successful Listing of TMC on the NASDAQ
This idea of a demerger is crazy and I'll be voting against it....
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CDM (ASX) to my watchlist
(20min delay)
|
|||||
Last
72.0¢ |
Change
-0.010(1.37%) |
Mkt cap ! $217.7M |
Open | High | Low | Value | Volume |
72.0¢ | 72.5¢ | 72.0¢ | $28.67K | 39.79K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 57295 | 71.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
72.5¢ | 28396 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 57295 | 0.715 |
3 | 20600 | 0.710 |
2 | 20170 | 0.705 |
3 | 24285 | 0.700 |
2 | 37637 | 0.690 |
Price($) | Vol. | No. |
---|---|---|
0.725 | 28396 | 2 |
0.730 | 68997 | 5 |
0.735 | 40500 | 1 |
0.740 | 25554 | 2 |
0.745 | 58000 | 2 |
Last trade - 13.06pm 01/05/2024 (20 minute delay) ? |
Featured News
CDM (ASX) Chart |
The Watchlist
BPH
BPH ENERGY LTD
David Breeze, MD & Executive Chairman
David Breeze
MD & Executive Chairman
SPONSORED BY The Market Online