Looks like nothing has changed with GB departure at CGA. No info of relevance for shareholders, particularly if NOT at the meeting?
1). Like NO comment on CGA ASX announcement the day BEFORE requiring a CGA EGM to now properly authorise "assignment of CTN IMA " to NAOS. No explanation why CGA had not executed the deal properly under ASX Listing Rules originally?
2) Or comment on CTN announcement earlier this Fri morning, that NAOS NEW IMA would have a 50% shorter 1st term. Major beneficial change for CGA shareholders? No comment also?
3). And most unusual for a listed Funds management company -- NO update on FUM, on projected Revenue, after 42% of revenue to be assigned to NAOS, no update of likely future Cost base. Given Acting MD's comments, market commentary re "major redundancies", and also, comments apparently by Lonsec in client briefing. All point to company having already made major changes to reduce base for 201? Why does market NOT get an update?
Why does ASX not require one?
DYOR
CGA Price at posting:
60.0¢ Sentiment: None Disclosure: Not Held
