Just so we get the right perspective on this.
Freedom food needed to liquidate their holdings in A2M to finance their capex. They had that on their 2015 annual report a few months back. How do we know? Because they have reclassified the A2M shares to 'Asset for Sale' and has written up the investment in their profits for 2015.
They needed more money to finance their cereal manufacturing plant and other capex.
Like I always said, sellers might be selling for liquidity needs and selling doesn't always cumulate to bad news.
Just so we get the right perspective on this. Freedom food...
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Last
$5.91 |
Change
-0.060(1.01%) |
Mkt cap ! $4.272B | |||
| Open | High | Low | Value | Volume |
| $5.96 | $6.00 | $5.87 | $12.81M | 2.163M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15999 | $5.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.92 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$5.90 |
Change
-0.060 ( 1.21 %) |
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| Open | High | Low | Volume | ||
| $5.97 | $5.99 | $5.87 | 724057 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| A2M (ASX) Chart |