Smart money is the money that is in the know. so with that in mind. They are holding a large parcel of shares in this company that has a world class management team at the helm.
Smart money is the money that is holding a stock before it gets ramped on HC.
Smart money also follows smart directors. Old money also follows Smart directors. thus Old Smart money makes nice new shiny money on their investments.
you did read the directors Bio?
I suggest you type in Nefco Nominees Pty Ltd into google and go and have a look at some of the companies that hold sizeable parcels of shares in.. to name a few.. MIS ROY EGL DRA KIK WCP ORP NDO WPG PPD
And the list goes on..
So Tss, with the amount of money they have invested and the spread they have, wouldn't you think that they have an active research department that is weighting the Risk verses investment in small caps that have some chance of future earning power?
Extracted from ASIC's database at AEST 23:32:53 on 30/06/2008 Name NEFCO NOMINEES PTY LTD ACN 008 687 401 ABN 87 008 687 401 Type Australian Proprietary Company, Limited By Shares Registration Date 12/09/1962 Next Review Date 12/09/2008 Status Registered Locality of Registered Office Perth WA 6000
so all in all. I would say that this is Smart money..
Thus I am quiet happy to tag along for the ride!!!!
Go the Queenslanders!! lol (thought I'd get that in before the game)
LOD Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held