ION 0.00% 93.0¢ ion limited

..Funds move into ..ION

  1. 7,397 Posts.
    ION
    Just looking around for a good story as usual , and find this one a bit hard to work out ,

    Sandford have a valuation of $3.35 (see below ) but instos are still picking it up at the $2.85 and at the top of a good run ,must be able to see more than 40c in it ,

    Now It would not be fair to say they have spoken to management ,and know more than the public that does not go on ;)

    Any opinions please
    _____________________________________________
    Price @ 09/05/2002: A$2.90
    ION Limited
    [ION] 12 month range: A$2.90 - 0.73
    Valuation: A$3.35
    Price Target: A$3.20 (+10%)

    Market Cap: A$519.1m/US$274.2m
    Buy Shares on Issue: 179.0m
    Average Volume (000's): 581
    **************************************




    Change in substantial holding from AMP

    ION LIMITED 2002-05-08 ASX-SIGNAL-G

    HOMEX - Melbourne

    +++++++++++++++++++++++++
    AMP Ltd increased its relevant interest in Ion Limited on 07/05/2002,
    from 11,442,227 ordinary shares (5.50%) to 13,815,584 ordinary shares
    (6.60%).
    _____________________________________________


    Becoming a substantial holder from WBC

    ION LIMITED 2002-05-07 ASX-SIGNAL-G

    HOMEX - Melbourne

    +++++++++++++++++++++++++
    Westpac Banking Corporation became a substantial shareholder in ION
    Limited on 23/04/2002 with a relevant interest in the issued share
    capital of 11,871,868 ordinary shares (5.72%).
    ______________________________________________


    Change in substantial holding from CBA

    ION LIMITED 2002-04-17 ASX-SIGNAL-G

    HOMEX - Melbourne

    +++++++++++++++++++++++++
    Commonwealth Bank of Australia increased its relevant interest in Ion
    Limited on 15/04/2002, from 16,909,574 fully paid ordinary shares
    (9.37%) to 22,757,874 fully paid ordinary shares (10.97%).
    _______________________________________









 
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