STTCOMP ACK, FA Long (ASX: ACK – Austock Group Limited ) SP: 67c...

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    STTCOMP ACK, FA Long

    (ASX: ACK – Austock Group Limited )
    SP: 67c
    MC: $61.91Million
    Cash : $3,125,000Million
    Shares: 103,188,421 with the Top 20 having a 79.20% holding
    Website: www.austock.com
    Austock Group Ltd (ACK) is an ASX listed company that operates as a registered Pooled Development Fund (PDF) specialising in providing development capital to financial sector businesses. Its status as a PDF provides favourable tax benefits to the Group and its shareholders.

    Catalysts: In his Chairman’s Address outlined the ACK’s 2016 Annual Report, Mr Beaumont, QC, added:
    ack snip 2 17.1.2017.PNG
    https://hotcopper.com.au/threads/an...r-2016.3161717/?post_id=21852422#.WH3GCRt96Uk
    http://www.austock.com/pdf
    http://www.austock.com/Media/Default/PDF/Reports/AnnualReport2016.pdf


    Following on from the Chairman’s Address, please refer to the summary of Funds under Management and Administration (FUMA) as at 31st December 2016 attachment below. This result was an increase in FUMA of $129.3Million since 30th September 2016
    Given the steady increase of FUMA over time, the market is still Bullish ACK and that is reflected by the increase of the Company’s share price. With a tight free float, and potential for further additional FUMA, the share price should potentially continue upwards.


    ACK snip 1 17.1.2016.PNG


    Please DYOR as this is not a buy or sell recommendation
    Cheers
    GF
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