Hmmm, hardly encouraging following Sellig's previous sell down of 4.5m shares at $2.25 in September 2022.
At a time when the cap rasing was done in September 2022, not only did Selig not participate but now he has further watered down his holdings. Effectively he has now quit 72% of his initial holding. Sounds like someone is heading for the door to me.
Thankfully, I have sold down substantially after their 2023 AGM waffle. Too much hubris and Kumbaya stuff. You cannot bank the 'feel good' expectations of the CEO.
Lasoo is a 'Gallopoli' in the making and I am leery about bedding down large acqusitions. They've got two large ones on the books right now and there's historical evidence that they work out to the benefit of retail shareholders in much less than 50% of cases.
I'd say those who participated in the cap raise at $2.25 won't be feeling too good about this.
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Hmmm, hardly encouraging following Sellig's previous sell down...
Add IGL (ASX) to my watchlist
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Last
$1.97 |
Change
0.025(1.29%) |
Mkt cap ! $303.3M | |||
| Open | High | Low | Value | Volume |
| $1.96 | $1.99 | $1.96 | $212.6K | 107.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5999 | $1.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.99 | 7506 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$1.98 |
Change
0.025 ( 1.75 %) |
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| Open | High | Low | Volume | ||
| $1.96 | $1.99 | $1.96 | 12477 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| IGL (ASX) Chart |