Ausgroup getting a re-rating?
Amazing price breakout today for Ausgroup. I’m still wondering why there is such volume. SGX is also wondering the same. Such volume and no institutional interest is damn puzzling. For everyone’s info, this is the 2nd biggest buy up volume in its history.
“Mr James Finbarr Fitzgerald
Executive Director
AusGroup Limited
15 Beach Street
Kwinana
Western Australia 6167
Australia
Dear Sir,
QUERY REGARDING TRADING ACTIVITY
We have noted, and draw to your attention, a substantial increase in the price and trading volume of your shares today. To ensure a fair and orderly market, please answer each of the following:
Question 1: Are you aware of any information not previously announced concerning you (the issuer), your subsidiaries or associated companies which, if known, might explain the trading?
- If yes, the information must be announced immediately.
Question 2: Are you aware of any other possible explanation for the trading?
Question 3: Can you confirm your compliance with the listing rules and, in particular, listing rule 703?”
We will keep you posted here at investment moats. In the mean time, folks can browse this detail report by UOB kay hian on Ausgroup’s business dated 5 oct 2006.
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