SEA 0.00% 16.5¢ sundance energy australia limited

anz substantial notice, page-3

  1. 2,988 Posts.
    It is spooking the whole market re: the shares they own.

    I own a few and they have all sunk to crazy lows and cannot get a head of steam up - either directly due to ANZ selling, or due to anxiety about buying up when ANZ can crash the price back down any moment.

    ANZs policy is pretty clear - sell off the stocks to raise capital - and are selling into every rally on multiple stocks - very frustrating - particularly when you have spent all your money.

    On announcement of an off-market sale of this overhang the SP will likely jump back to the mid-40s or above with good news.

    This was a steal at 50c.
 
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