CVC got in a few years back when Trojan TJN decided to liquidate their assets. Since then they have been a patient holder. It refers to purchases made in June for about $1 per share - 500k. (They held about 23% prior) A major shreholder has to notify the ASX if their shareholding rises or falls by 1%, and this must be within 2 days to memory. So what this is I'm not sure. (Maybe some1 can explain it). The new purchase takes them to about 24%. At 25% some special conditions come in I think. But CVC is not a takeover operator. Fund manager. I think what might have happened is that with recent buybacks, share base has reduced, and shares bought by CVC in June have now taken them past a notification point. Whether they are buying now or not who knows. However 1% rise or fall must be notified immediately. Bad day with world affairs not looking good. I feel such pity for those ppl.
VLW Price at posting:
$1.64 Sentiment: Hold Disclosure: Held
