NDO 0.66% 75.0¢ nido education limited

Ann: Becoming a substantial holder, page-7

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,124 Posts.
    lightbulb Created with Sketch. 458
    "Canadian hedge fund manager MM Asset Management, which focuses on event driven strategies such as merger arbitrage..." http://www.theglobeandmail.com/repo...se/mm-asset-on-the-hiring-path/article620617/
    The Canadian hedge fund seems to use as one of its primary strategies, buying 5-9% of a companies stock once a takeover bid is announced. On all occasions that can be seen from a quick google search of companies they have done this with previously (and there are many) the purchase is for "investment purposes".
    Anyway, the clue is in the word arbitrage i.e. making quick small percentage profit through opportune timing.
    To me there is no doubt they will be selling there shares to the Bangkok thieves. But then again, the blame lies with Phil Byrne - I hope he chokes to death on his martini olive.
 
watchlist Created with Sketch. Add NDO (ASX) to my watchlist
(20min delay)
Last
75.0¢
Change
-0.005(0.66%)
Mkt cap ! $188.1M
Open High Low Value Volume
77.5¢ 77.5¢ 75.0¢ $17.35K 22.96K

Buyers (Bids)

No. Vol. Price($)
1 17637 75.0¢
 

Sellers (Offers)

Price($) Vol. No.
78.0¢ 4231 2
Last trade - 15.41pm 29/11/2024 (20 minute delay) ?
NDO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.