Don't think that it's a sell off due to an unexpected event. Firstly under continuous disclosure requirements, the market would have to be notified and also, could stink of insider trading. Either way shareholders would be in revolt. I think its to do with a reweighting in the industry classification. Fund managers don't make quick decisions. And percentage holdings in various industries are hard to change in a hurry. Arvida inflows must come from other industry investments and Oceania is a good one to sell down because it also shows a good profit for their fund.
I doubt most holders of this stock give a toss about that especially when it doubles/triples in price over time, 5c here or there will be completely insignificant.
Maybe so but its official I am now a grumpy Beagle. I am tired of watching this beached whale lie on the beach doing nothing. Not sure how much more patience I have with this thing.
Last edited by Beagle; 09-11-2021 at 12:14 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Wait till the results to see if it moves ...otherwise out it goes ...No one likes sluggish stock in portfolio eating away opportunity costs !!!
I highly doubt it will move on the result only beforehand, it will probably go down afterwards if it has any move prior so its a long termer with a small dividend.
I highly doubt it will move on the result only beforehand, it will probably go down afterwards if it has any move prior so its a long termer with a small dividend.
Will move after full year result, too early days for completion of projects, and revaluation of holdings. So unfortunately have to hold for six more months before it reached 1.70
Originally Posted by couta1
is still in play
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