Joe, can you take another look at your figures as I think that...

First 28 Last

Grant62

4,941 Posts.

147

07/03/17

11:09

Post #: 23149115

Originally posted by Joe Dohn ↑

Be careful. They are a beneficial owner of 10,511,323 shares with the remainder being borrowed shares (shorts). From their last full disclosure (www.asx.com.au/asxpdf/20160715/pdf/438l3b4405zktf.pdf) they were a beneficial owner of 7,793,201 shares so since the 15/07/2016 they have been net buyers of 2,718,122 shares, so not much dollar value given share price since.

Since the 27/02/2017 they have bought 1,702,198 and sold 1,399,749 for a net buy of 302,449 shares (@ 0.10c per share $30,245 - so very little value). If they've sold anything significant since 03/03/2017 they will cease to be a substantial holder in the next couple of days. This announcement is not a buy signal.

Expand

Joe, can you take another look at your figures as I think that you calculated the value column rather than the volume column.

My figures came out to the following:

As at 2/3/17, UBS held 19,034,610 shares of which 10,511,323 were beneficially held. The remainder, being 8,523,287 represented shares that they presently control the power of disposal over (ie: short held). Measured in context, UBS held (as at 2/3) 8.5M out of the 23.5M short positions listed as o/s on Shortman.

Since 16/2, UBS has bought 21,379,104 shares in SGH, but sold 18,744,397, for a net purchase of 2,634,707 shares.

More significantly, during last week, UBS acquired the following shares in SGH:

Column 1 Column 2 Column 3 Column 4 Column 5

0 Date
Buy
Sell
Net
Net Bought

1 27/2
1,034,064
903,936
130,218
130,218

2 28/2
1,154,859
1,424,173
(269,314)
(139,096)

3 1/3
6,274,602
5,976,858
297,744
158,648

4 2/3
10,281,030
7,379,918
2,901,112
3,059,760

	Column 1	Column 2	Column 3	Column 4	Column 5
0	Date	Buy	Sell	Net	Net Bought
1	27/2	1,034,064	903,936	130,218	130,218
2	28/2	1,154,859	1,424,173	(269,314)	(139,096)
3	1/3	6,274,602	5,976,858	297,744	158,648
4	2/3	10,281,030	7,379,918	2,901,112	3,059,760