IFN 0.00% 93.0¢ infigen energy

86,424,171 trade, page-26

  1. 3,886 Posts.
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    in regards to market announcement, holders only need to disclose if their holding exceeds 5% shareholding... and they have a period of time (2 days) to make the announcement. IFN don't need to disclose anything as it was on market transactions that caused the drop, ASX may send out a please explain request though - but only sitting at 15% down today and I would wholly expect it to gap back up in the near term.

    So we will get an exit notice from Brookfield soon and then we may get a new (or few) substantial holder announcement to bring in the purchasers of the Brookfield shares - if they bought enough... institutional / sophisticated investors got a nice discount to where it was but we have had an uninformed over reaction here,

    great opportunity for those with a bit of cash spare IMHO DYOR
    Last edited by baldynumbers: 06/02/20
 
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