You may also want to not who is selling, when they bought / sold and now much they're selling.
Telstra Super bought 2.2 million shares at around $0.80 - $1 in March this year. They more than doubled their money and sold about half their holding (note: the value of their original capital investment). The date of sale was between the 22nd and 30th of November.
Schroeder bought 2.5 million shares at the same price range in March in March this year. They more than doubled their money and sold about half their holding. The date of sale was 29th of November.
When you're looking after other people's super or money, does it not seem prudent to retain 100% of your capital investment and still have a multi-million dollar investment remain? Safe management I would have thought, and probably company policy.
When these companies bought at the same time, there was a bit of a share price spike. When they sold (at the same time), there was a bit of a dip. Over $2.5 million worth of stock was absorbed by the market after a huge run up the month prior, not too concerning to me.
Cheers,
Pete
JIN Price at posting:
$2.16 Sentiment: Hold Disclosure: Held
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