So you believe selling 45 million shares to instos at a discount of 32.5% from previous close is somehow going to help break through 32 cents? You would of much rather the instos try to accumulate on market and thus pushing the price up. An Institutions job is to make their clients money, a 32.5% return ($0.265- 0.20/.2*100) in one day sounds like an excellent return to me, quite higher then the few % you claim. Even if they were to sell currently on market at 24 cents (current price as i write) they would still profit 20% in 1 days trading. You cannot actually believe selling 45 million shares at a discount of 32.5% off previous close will somehow help u break the range you stated above?
What will help you break the range you outlined above is for management to continue delivering shareholder value, through expansion and other means.
Once again i do not care nor fault management for selling shares they have most certainly earned them, just pointing out your false sense of security believing that the instos involved in buying the directors shares wont flip them for a nice healthy quick profit.
- Forums
- ASX - By Stock
- PCK
- Ann: Sale of Shares by Directors to Institutional Investors
Ann: Sale of Shares by Directors to Institutional Investors, page-41
Featured News
Add PCK (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.8¢ |
Change
-0.002(6.67%) |
Mkt cap ! $45.84M |
Open | High | Low | Value | Volume |
2.9¢ | 2.9¢ | 2.8¢ | $7.462K | 257.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1209083 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 60000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 659083 | 0.028 |
6 | 893111 | 0.027 |
6 | 1463115 | 0.026 |
5 | 1239601 | 0.025 |
1 | 41252 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 60000 | 1 |
0.030 | 1105593 | 2 |
0.031 | 350000 | 2 |
0.032 | 421538 | 2 |
0.033 | 100000 | 1 |
Last trade - 14.48pm 18/11/2024 (20 minute delay) ? |
Featured News
PCK (ASX) Chart |