Fundamentally we haven't seen anything materially negative apart from the overall market, but rumour hasn't been far away with BNB and Tricom.
A 85% drop from its peak to a 40c low is very dramatic compared to other funds in the same space.
The interesting thing is we haven't yet seen report on insider buying. (Maybe it is happening now).
It seems to me a good sign that the management update showed little concern about short term position (maybe it is true they have nothing to worry about), instead, it sounds quite positive that they are focused on growth.
Where to from here?
EBB
everest babcock & brown limited
up 18pc and broke 30 day moving average
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