Nice question Allday...
Fund managers all differ in terms of investment styles/mandates and risk profiles so its really a hard one to answer specifically. We have index funds/ hedge funds/ resource specific funds etc - all are different.
That said, ABM already has two large long only funds on its register in Craton and APAC - The momentum type funds I believe you are talking about wont likely pull the trigger until we see an increase in liquidity and that will likely be a function of improvement on the fundamentals flowing through to an increase in market cap.
Sorry the above sounds a bit cryptic, but in my opinion the stock wont rally hard until the liquidity improves and this is unlikely until current economic storm clouds slightly improve. Sept should get interesting Allday - in my view the world we be a lot simpler come Sept and should give some of these funds not yet set in ABM the opportunity to take a view without the uncertainty we have in todays market.
Hope it helps
Pete
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.235M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $3.177K | 1.588M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 81872432 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 448437 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 81872432 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 448437 | 1 |
0.003 | 21320689 | 21 |
0.004 | 6180859 | 8 |
0.005 | 889000 | 1 |
0.006 | 166666 | 1 |
Last trade - 15.38pm 02/09/2024 (20 minute delay) ? |
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