This article is from the Australian Property Journal archive
A BOUTIQUE investment firm run by Melbourne blue-blood family member Sam Ballieu has offloaded its stake in Simonds Group, which saw the company’s share price fall to a new 52-week low.
Copia Investment Partners declared it is no longer a substantial shareholder after selling its remaining interests in Simonds for 28 cents per share.
Simonds share closed 2 cents or 7.41% lower to 25 cents yesterday – a new 52-week low price.
The new low price is a shadow of Simonds IPO price of $1.78 giving the company a market cap of $269.51 million.
Yesterday Simonds market cap was $35.96 million.
Australian Property Journal
