I personally think there is no problem with the company or its management. As far as i can tell they are pretty much still on schedule.
I believe the main reason for the sell down is because of its main shareholder, Absolute Capital. The Fund/s which are invested in CUV will be partially liquidated over the next 12 months. Redemptions are currently on hold, however they will be releasing 10% of the Fund in Feb, May and Aug next year. Considering they hold about 20% of the company, if CUV is one of the stocks they decide to sell down in the beginning, i think there will be a lot of selling pressure on the stock, especially with the lack of liquidity the stock has.
My view is that the sell down would be a good time to buy the stock as the sell down is due to troubles with Absolute and not CUV. This is definately a trading stock in the short term, however a long term hold in my view.
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Last
$15.25 |
Change
-0.010(0.07%) |
Mkt cap ! $764.0M |
Open | High | Low | Value | Volume |
$15.25 | $15.32 | $15.22 | $415.5K | 27.24K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 459 | $15.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.30 | 630 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 459 | 15.220 |
1 | 167 | 15.200 |
1 | 167 | 15.180 |
1 | 167 | 15.160 |
1 | 167 | 15.140 |
Price($) | Vol. | No. |
---|---|---|
15.300 | 630 | 1 |
15.320 | 217 | 2 |
15.340 | 167 | 1 |
15.360 | 167 | 1 |
15.380 | 167 | 1 |
Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
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