it will be interesting to see who got that 4m crossed that the end of the day. its almost like the fund that is selling down the stock just feeds the stock in all day and they someone gives them a call and says now that you have pushed the price down a few more cents how about we take that big parcel of stock off your hands.
if we see another change in substantial holding from Orbis then they must be getting to the point where there is only so much they can hold.
i think at some point some vulture fund is going to come in and swoop on AEZ. im just surprised that we havent heard a word from the managers of the trust, it seems other funds are falling over themselves to talk to the market but not APN.
i also want to see an updated share register to see whoes left a substantial holders.
it is quite amazing to think that this trust was trading at around $1.30 this time last year and now its only $0.10. you would think these guys had gone bankrupt. if it did go bankrupt we would probably get back more than $0.10, i note in the AFR today that Centro has accepted a few offers at 19% below book value. This proves that even in fire sale scenario AEZ current price is way to cheap.
AEZ Price at posting:
9.4¢ Sentiment: Buy Disclosure: Held