It is interesting to note that Fidelity has exited Yowie (YOW) at 8.4c after even accumulating more shares at 40 odd cents in 2017...out goes Fidelity, in comes Wilson Asset Management (Geoff Wilson). Wilson's entry is a tick of approval and you see YOW shares moved up to the 9c takeover bid price.
It does say a lot about Fidelity - the fund manager that took a big stake in GSW at a substantially hefty price.
While YOW has been removed from the Opportunity Stock list, I did mention that its numbers suggest that a turnaround is a prospective reality, guess Wilson must have seen that too to take a 13% stake in an off market deal presumably with Fidelity.
- Forums
- ASX - General
- Its Over
Its Over, page-779
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)