Even this guy with a cursory analysis can see 'games' are being played with the stock. Acknowledges it is a lightly traded and very tightly held stock and can both go up quickly and down quickly. Without a greedy hedge fund taking a massive short position against CUV 5 years ago pre FDA approval there would not be an artificial market today which they continue to make dance to their tune. It's interesting that Wolgen, who seems to be very controlling of every single aspect of Clinuvel, allows the share price and therefore sentiment to be controlled in this manner for so long and so blatantly?? That is strange especially when they have a buyback in place which could actually make a positive difference in support of shareholders and it is not even used?? This despite all their fighting words when the buyback was announced.. and despite having super profits and an enormous cash pile which the buyback will hardly even dent?
Look at Cochlear; words: BUYBACK $75 Million and ACTION, $75 Million bought back on market simply and without fuss and Cochlear shareholders happy. Clinuvel words: BUYBACK 1.5 Million shares, ACTION (nearly 4 months later) less than 50 thousand shares bought back. This needs to change, actions need to match words in support of shareholders. The pipeline is exceptional, it is time to buyback shares as stated and create some share price momentum and create some positivity.
All IMO DYOR
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Last
$14.16 |
Change
0.120(0.85%) |
Mkt cap ! $709.1M |
Open | High | Low | Value | Volume |
$13.98 | $14.42 | $13.95 | $1.375M | 96.72K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 106 | $14.11 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.25 | 800 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 106 | 14.110 |
1 | 1510 | 14.100 |
1 | 259 | 14.090 |
1 | 259 | 14.060 |
1 | 259 | 14.030 |
Price($) | Vol. | No. |
---|---|---|
14.250 | 800 | 1 |
14.290 | 259 | 1 |
14.310 | 259 | 1 |
14.320 | 2000 | 1 |
14.340 | 259 | 1 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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CUV (ASX) Chart |