Do NCC shareholders realise they own 14.5% of another Fund Manager ( CGA). CGA was launched in the 3rd qtr 2016 at 60c. Market took it rapidly to $1.95 , mid this year it had drifted to $1.00+. NCC invested further in Sept 2017, after CGA was queried by ASX re a need for a raising on account of increased costs, client losses, a corporate loan , and low capital. Stock currently trading as low as 60c. Today at 66c. Likely a loss of 35% in Oct. But, NCC shareholders not to know this for a investment over $7m? initial investment in a Fund of circa $80m. Does not sound like a "Manager committed to great levels of communication"
See HC. CGA and/ or CTN for a wider view
DYOR
Do NCC shareholders realise they own 14.5% of another Fund...
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Last
57.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.43M | |||
| Open | High | Low | Value | Volume |
| 57.5¢ | 57.8¢ | 57.5¢ | $9.207K | 16.01K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6908 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 28344 | 2 |
View Market Depth
| Last trade - 15.36pm 03/05/2024 (20 minute delay) ? |
| NCC (ASX) Chart |