CGA 0.00% $1.00 contango asset management limited

I don't think so. Unless they do announce an increase in FUM....

  1. 4,783 Posts.
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    I don't think so. Unless they do announce an increase in FUM. Maybe they did pick up a big mandate in New Yorl? Looking at the days trade it was only $9,980 of volume, That would suggest to me that it was a mum and dad investor with a $10k bid who did it through CommSec who took a $20 trade fee, rather than someone risking time at Her Majesty's leisure for the sake making an extra $500

    Hang on, just checked course of sales. Ahh no. That was very deliberately traded in the last few minutes and very carefully done to keep the trade under $10,000, which is the point share registries notify companies who the buyer or seller was. Someone wanted to remain anonymous for whatever reason. I expect an announcement within 2 days that would refer to a share price, or draw shareholders attention to it. Someone did not like the look an 83 cent share price gives.

    Changing sentiment to Hold from Sell
 
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