AFU
Waa the disorderly walk yesterday?
Ramamba was talking about GW and his holding in CTN? Not an investment in NAOS - neither their Mgt co nor their two LICS.
GW last advised he/ his funds had between 5 and 6% of CTN. Say $9m to $10m of stock
CTN has inactive buy back. Why make it active. Only destroys value for the Fund Manager? Can't do it at higher price than 5% above recent market levels. So to get to NTA needs repeating offer until market price ( say ) 96c. Limits on pa vol also ?
Alternatively NAOS offer to GW to buy off market at NTA ? Solves two issues. GW gone, and as promised NAOS and its Directors have , as promised, substantial "skin in the game". Expensive skin?
Then have IMA , 2 Board seats, and 5% holding. Truly a NAOS company?
DYOR
AFU Waa the disorderly walk yesterday? Ramamba was talking about...
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Mkt cap ! $62.71M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 6 | 88406 | 42.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 99322 | 1 |
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