CKA 1.56% 6.3¢ cokal limited

Don't really understand the question. Magna are not investors....

  1. 3,116 Posts.
    lightbulb Created with Sketch. 33
    Don't really understand the question.
    Magna are not investors. They are smart leeches that feed off companies like Cokal that are cash strapped.
    They push share price down and then buy at 10% discount.
    They sell out as soon as they can.
    That is why the 15% limit has been applied.
    Buying shares at 4.2 average and selling at 5 or 6 cents is a wonderful move.
    If they take the (15%) selling pressure off for a week or so, the price will rise.
 
watchlist Created with Sketch. Add CKA (ASX) to my watchlist
(20min delay)
Last
6.3¢
Change
-0.001(1.56%)
Mkt cap ! $113.2M
Open High Low Value Volume
6.3¢ 6.5¢ 6.3¢ $8.138K 128.4K

Buyers (Bids)

No. Vol. Price($)
1 3304 6.2¢
 

Sellers (Offers)

Price($) Vol. No.
6.6¢ 18500 1
View Market Depth
Last trade - 15.46pm 12/12/2024 (20 minute delay) ?
CKA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.