(03-03-2016, 05:32 PM)cyclone Wrote: Chuan Hup’s interest in its associated company, Finbar Group Limited, has increased to 45,487,947 shares or 19.64% of Finbar's issued capital (231,594,772 shares).
The increase in its shareholding was pursuant to open market purchases by the Company of an aggregate of 1,000,000 Finbar shares on 3 March 2016 at the average price of AUD 0.8997 per share.
At 87c today, Finbar is already trading at ~50% of its 2014 peak (at $1.75+)
Perth residential is on continued downtrend.
https://www.businessnews.com.au/article/...ome-prices
Rents falling and vacancies jumping up.
http://www.news.com.au/finance/real-esta...4d111eb434
[In Perth house rents were down by 9.6 per cent and units down 9.7 per cent.]
Residential listings in Perth are also all time high from usual 1300+ average to 1700+ now for sale.
Probably just the beginning of bust phase in Perth which will continue for another 2 years at least. CHH could probably wait till Finbar trades at 40-50c before making their move I reckon.
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
http://thebluefund.blogspot.com