The float price was $1.70. The share price opened much lower when it eventually floated after being delayed due to the Vocation delay. I believe Mirrabooka sold out at the lower levels. As soon as they got soaked the share price has pushed straight back up.
This was originally supposed to float at $3.10 and had strong support at that level but got pushed back to $1.70 to get it away.
ACO I believe is trading well ahead of prospectus forecasts and has several value acretive acquisitions in its sights. It has no debt. Its got a very tight register. A lot of instos on board including Packer.
ACO Price at posting:
$1.80 Sentiment: Buy Disclosure: Held