AZV 0.00% 6.5¢ azure healthcare limited

profit upgrade, page-20

  1. 235 Posts.
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    Agreed. Might be piefunds continuing their selldown. Normally that would worry me as they are good operators but clearly in this case they have a very large holding for their size and it makes sense for them to take some products and reduce exposure given the increase in price. If you study their last significant holder notice you will see they are sellers at 26c and above BUT they are buyers at 25c and below. So the price isnt going down any time soon. As you say, theywill eventually decide they have sold enough and there is no resistance from outside the one seller.fill your boots at 26 and below on this one as it is clearly worth 30c+ on a conservative valuation.
 
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