It certainly has been going sideways for a while now. Despite the following
4w av daily trading volume according to https://www.marketindex.com.au/asx/caj is 451k, not including chi-x though this is likely to be relatively quite small.
4w av daily buy back volume is 164k, though some days it’s only a few k.
Initial substantial holder notice 11/10/18. (AEF)
Then two substantial holder notices on 21/11/18 (Lennox and Challenger).
CAJ in the last couple of years has not really had any institutional substantial holders; that has always been a weakness (no instos to peddle it to its clients maybe).
Personally I would have thought it would have done something during this time, not necessarily go up of course, but something nevertheless. But no. Pretty much flat line. It can’t stay still for ever. It will have to move in some direction. Hopefully it’s up. Maybe after the February results. In the meantime back into hibernation I go.
(20min delay)
