Monster volume y’day on ASX 53ml+ volume traded through. A big crossing of 50ml shares happened in the afternoon.
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Monster volume y’day on ASX 53ml+ volume traded through. A big crossing of 50ml shares happened in the afternoon.
Very interesting. The two obvious potential sellers are Regal Funds and ACC. Regal Funds recently sold down from 121.6 to 105.3 and so they are the more obvious of the two. ACC dropped down to 48.6m in June 2019 but there are now enough shares on issue now that they could hold up to 55.9m and still be under the 5%. The trade occurring on the ASX tends to indicate Regal.
I think the Chris's would be restricted from trading before the rescheduled AR is announced on Monday.
The sale looks to have gone through at A10.5c (the daily WA was 10.55c) and the market liked the announcement - finishing strongly at A12c. This is consistent with Regal being who sold down so a lot of the overhang from them is gone. Has the buyer got an existing holding and need to disclose or will they remain just under 5%?
Added to WAM portfolio
Good numbers for FY20, EBITDA at top end of guidance of $8.2m.
Good report showing stability in the turnaround strategy. Operating cashflow increased 3-fold and before finance and tax profit. Clearly indicated intention for further acquisitions of childcare centres in australia which is the key way forward.
NZX as usual doesn't care about EVO
Evolve got beaten up on the telly last night ....pack of bastards offering new employment contracts that appear to cut staff hours in half but they expected to be available if need for the other half.
Got the impression they are long way off getting back to anywhere near normal capacity
CEO says he got legal advice and the contracts are legal. Union says they're not. Reported in the Herald yesterday the CEO says signing them is optional but a number of staff have resigned in disgust...which perhaps begs the question if that wasn't the original intent anyway ? My sister in law threw her contract in the bin...and commented, I might have had a use for it if it was printed on toilet paper...
West Auckland centres suffering from very low occupancy she said. Lots of new centres have sprung up like mushrooms, (have mentioned this before). I remain of the view this is a mutt stock.
Taking a beating boys. Regal doing there little sell off
Word on the street is almost all staff threw their new contracts in the rubbish bin due to their egregiously unfair terms and conditions. Reality check for management, staff need a living wage commensurate with their qualifications and experience.
Sure there have been swings to trade but the stock has basically halved since January....that's a real flea bitten mutt in most people's language.