AFF Member Stock Discussion

[SYD]

current free float ~5%
Aug 11 wave1 unlock +20% - total ~25%
Aug 21 wave2 unlock +7% - total ~32%

According to Market Index, it’s a bit more complicated but certainly a lot of potential sellers coming online over the next 12 mths plus.

 

[cove]

We decided to buy two beaten down stocks so that was Propel Funeral PFP and then ANG who said orders have been deferred into next year.
Always risky to buy what might be a falling knife but I was trying to be a bottom dweller.

 

[Dr Ralph]

Made a quick 7% on JDO this morning. Happy to watch to see if it goes back down.

 

[cove]

Took a placement in a copper stock thru Argonaut yesterday. That was KGL.

 

[cove]

Tonight Acumentis issued a statement on a new group wanting to change the management. That is ACU. We are ACU shareholders. This is a business doing valuations.
I went to a Commsec function in Perth and I listened intently to the Argonaut commodity research manager. He said the copper needed for data centres won’t be available based on how long it takes to get copper mines up to speed.

 

[Dave G]

KGL Seems interesting - looks like the cap raise came a fair discount and hasnt been received well by the existing shareholders. Sounds like to good time to get in

 

[cove]

Yes the placement thing to sophisticated investors can really hurt existing shareholders if there is no share purchase plan offered to get them up to $30,000 of shares (subject to possible scale back). Now that doesn’t really help if you are a bigger shareholder and your broker is unable to secure you an offer.
With KGL we upped our bid when I heard the deal was “covered” and we received 90% of that bid.
Now this morning the buyer and sellers of Acumentis have mostly withdrawn. It should get interesting over the next month.
I bailed maybe temporarily from Atlas Arteria as the company buying more got over the 50% holding. I need to wait and see what the new controlling shareholder says after July 7th.