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24/09/02
19:00
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Must be another 603 coming (substantial shareholder notice), maybe the company needs a reminder??
With a company that has an underlying profit of almost 10.8 million and a market cap of $96 mil (PE 8.67) at 28 CPS, it has to be one of three things:
- a hoist
- in serious trouble on a number of projects
- or ANZ really pissed with this company as they own ING now
Anyone know the real story?
I called the company last week and Wens Brinkman said it was ING selling down. Have they filed an incorrect 603, or is there a new substantial holder?
Phil
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