Agree. Don't see this as a positive at all.
From Trojan post No - 25469610 dated 24/6/17 this fellow indicated he had purchased a large stake in CTP as a purely short term quick hit:-
"I originally bought shares in CTP as a squeeze play to force a higher offer out of Macquarie."
He made no secret of his disdain for others and will do whatever he possibly can to save his capital:-
"If the scheme is voted down, I will unashamedly act in my own interests to maximise the value of my holding in CTP.
I do not currently have a plan in the event of the Scheme being unsuccessful. If the Scheme is voted down, then I will have to formulate a plan, which will include my own nominees to the board of directors. I am an experienced activist investor and have been through many ASX listed company fights before."
And :-
"I will also be requisitioning a meeting to consider a members’ voluntary winding up, and if this is unsuccessful I will continue to requisition meetings to compel the board to sell assets."
Increased holdings suggests (to me anyway) he has decided to average down his holdings most probably with a view to pressure the bod into entering another agreement with MB at a price he can still make money (and now happy for less than 20c?).
Unfortunately a large holder in a Company purely for short term money play does not work well with smaller holders prepared to wait for a Company to progress to a sound production / profitability stage.
I am not being critical, just pointing out what he has indicated in his above post as his investment strategy which is purely a money play and has little to do with the arguments backward and forward on here re the future worth of this Company.
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CTP
central petroleum limited
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Agree. Don't see this as a positive at all. From Trojan post No...
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Last
5.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.98M |
Open | High | Low | Value | Volume |
5.4¢ | 5.5¢ | 5.3¢ | $2.456K | 45.65K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 275393 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 127247 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 275393 | 0.053 |
4 | 480000 | 0.052 |
4 | 940000 | 0.051 |
4 | 560000 | 0.050 |
1 | 100000 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 127247 | 1 |
0.058 | 6030 | 1 |
0.059 | 326120 | 2 |
0.060 | 140000 | 1 |
0.067 | 149268 | 1 |
Last trade - 15.58pm 25/07/2025 (20 minute delay) ? |
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