Abb - This is a bad time to make such an announcement as the SGX broad market is losing steam though Blue Chips are still holding well. In their last AGM, I spoke to the new MD L. Barlow and his mgt team, and I was impressed. I also had the feeling that the ASX listing will be at end year at best. I am lucky to have 2 bites of the cherry as I sold off this counter in late Jan. I wanted to buy back the stock in last few weeks but held back as I didn’t want to risk until the Msia GE is over. So luck was on my side. No hurry to jump in now in view of latest news.
Rebounded for 2 days already. Missed the boat, any one?
by the way, AusGroup will re-list in Australia and shareholders will get the Aussie shares. How to trade these shares? I see CIMB doesn't offer ASX trading platform.
If not for the RTO announcement, it’d have dropped below 40 cts LOL. Present price too high for me as nothing has changed. Will consider buying back if price drops otherwise just too bad. Better not buy under margin as not sure how long before it gets re-listed in ASX or if the market will still be hot by then? Also, AUD is weakening as interest rates drop due to flat Oz economy. My views only.
