Actually it makes quite a bit of sense. Everyone has a different style. CVC has its own. They hold a 80% of their core position which is Long whilst bolstering $$ and improving the underlying average trading 20%. So yes it’s frustrating when they sell but it’s just their trading portion of what is a large underlying Long. It’s not them giving up on what is a clear Med-Long term play. When market retreats they buy the 20% back. And will likely flip the small portion back around 30c.
Ann: Change in substantial holding from CVC, page-5
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.72M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 120428 | 9.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 130556 | 2 |
View Market Depth
| Last trade - 16.12pm 26/11/2024 (20 minute delay) ? |
| CWX (ASX) Chart |
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