Australia's largest stock trading and investment forum Australia's #1 stock forum

1PG

Click for more information

0.00%

16.5¢ 1-page limited

Ann: Ceasing to be a substantial holder - Patrick Riley, page-7

First 7 Last

Share
Profile

Follow
TDA

11,411 Posts.

137

13/12/16

13:08

Post #: 21299489
Share

Originally posted by mbarring ↑

Interesting sale at 25 cents ($2.25mill for 9 mill shares). Suggests two things.

1. Someone had an incentive to keep the price down at a level for a period of time where 25 cents looked like a good exit strategy to Mr Riley.

2. Someone thought 25 cents was a good entry price. Wonder what their profit timeline is.

Expand

Yes interesting one with two trains of thought, one good and one bad:

1. Bad - the co-founder is out, the co-founder is the CEO's father but still wanted out!

2. Good - he got a premium to the current price for his shares @ 25c a pop to Victory Phoenix Limited (Peterson Group)

hmm, hard one to digest....

1PG Price at posting: 18.5¢ Sentiment: Hold Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

ARV

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Tonight's US CPI data could set the tone for November. What are markets expecting?

IMA

Issues emerging as Australian companies tackle critical minerals challenge

ARB

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

OCT

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

There are more pages in this discussion • 63 more messages in this thread...

First 7 Last

Add 1PG (ASX) to my watchlist

SPONSORED BY