Do NCC shareholders realise they own 14.5% of another Fund Manager ( CGA). CGA was launched in the 3rd qtr 2016 at 60c. Market took it rapidly to $1.95 , mid this year it had drifted to $1.00+. NCC invested further in Sept 2017, after CGA was queried by ASX re a need for a raising on account of increased costs, client losses, a corporate loan , and low capital. Stock currently trading as low as 60c. Today at 66c. Likely a loss of 35% in Oct. But, NCC shareholders not to know this for a investment over $7m? initial investment in a Fund of circa $80m. Does not sound like a "Manager committed to great levels of communication"
See HC. CGA and/ or CTN for a wider view
DYOR
other peoples money, page-6
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NCC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.67M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.5¢ | 37.0¢ | $16.74K | 45.22K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 122610 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 4305 | 1 |
View Market Depth
| Last trade - 15.14pm 18/11/2024 (20 minute delay) ? |
| NCC (ASX) Chart |
