It will be interesting to see what happens when we run out o sellers in the low 20s.
Currently there seems to be a buyer(s) sitting off screen and thus not advertising his intentions but still keen to pick up stock at 22c. There also seems to be a seller dropping small parcels in at 22c for the off-screen buyer to acquire.
Recent strength in the SP would indicate that someone either knows something - or thinks they know something.
A co-incidence perhaps that at the same time we have a liquidator offering 40% of Hewsons. The value placed on that 40% will lead the value of CAP's 60% and thus the overall CAP SP.
Has anyone seen the documentation re. the 40% that the liquidator is using to find a buyer? I would be most interested in running my slide rule over that presentation - purely as an interested CAP shareholder.
EB
CAP Price at posting:
23.3¢ Sentiment: ST Buy Disclosure: Held