CMV 0.00% 0.6¢ cma corporation limited

lapse of escrow: maybe a buying opportunity

  1. JID
    3,568 Posts.
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    I see that the 9,464,624 shares have just come out of voluntary escrow relating to the Peakmore Enterprise acquisition CMA made last year.

    These came out of escrow on the 14th of September 2008. 9 of the last 10 days (including today) have been negative for CMA and the share price has dropped from 35c to 25c today (maybe lower by end of trade) - a drop of 28.5%.

    Possibly a temporary imbalance in supply and demand of shares if Peakmore are in fact selling up??

    It would be a brave move to buy right now but we are getting very close to the NTA of 23.9c per share as at 30th June 2008...

    Cheers
 
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