In the post below left out "weakness" in the first sentence and should have read "Recent weakness in AVM stems from FQ selling out."
Sorry about that.
Subject fq & lionore Posted 11/03/05 16:19 - 23 reads Posted by jrichardson Post #539552 - start of thread - splitview
Recent in AVM stems from FQ selling out. Lionore sold out of CSM and CSM just went from strength to strength having previously suffered from the stock being illiquid.
Replacing one very large shareholder with several substantial holders is a positive.
FQ had made a profit on AVM just as Lionore had with CSM. FQ have their own coporate agenda and strategic plan. AVM is very small in the overall scheme of things for FQ and could even create some conflicts of interest. This type of sell out is not unusual and on balance positive.
There is more stability to the share register with one large parcel spread around. Ongoing financial support is better as a range of shareholders will be contributing avoiding the possibility of the timing not being right for FQ because of its' own agenda.
Every so often you get another buying opportunity in AVM as it has been a case of two steps forward one back then 4 steps forward and another two then three back (a buying opportunity).
I hold long term and add to the position when opportunites present like they did this wee.
Good luck to all long term holders. AVM is not for day traders. JR
AVM Price at posting:
0.0¢ Sentiment: None Disclosure: Held
