look like the SP has settled...will we see investors come back in? I looked at ASX yesterday...shares being bought quite a bit...
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look like the SP has settled...will we see investors come back in? I looked at ASX yesterday...shares being bought quite a bit...
The buy depth is very weak still. I wouldn't be surprised to see this continue to slide more, especially considering the general market sentiment. A lot of early holders have made a large return and are probably taking profits. The cap raise and ASX listing sure smashed the SP - down 25% within 2 weeks.
when u look at top 20 holders...almost 73%...surely they are not letting the profit bother that...in saying that..the potential of the ACRM is huge...
http://www.asx.com.au/asxpdf/2016101...stbkz0pym7.pdf
It will be the small retail holders - volume is low. I agree the potential is large, and therefore if you have a long term time horizon, then this is just a bump. Also we have the CEO committing $1M @ 2.20 and a Director buying $1.8M @ $2.23 earlier in the year. They have proven their success in this US faith market, and each quarter is growing faster than previous, and the latest guidance re-enforced this yet again. They continue to outperform. I consider this drop a buying opportunity.
Disc: Holder
Buyer on both ASX and NZX at 185, dual listing working fine, yeah right....
NZD$1.76 on NZX, AUD$1.58 on ASX.... ??????
Down to $1.55 now... where is the bottom? Whole market looks very dicey at the moment.