Roc got back to me playing a straight bat - they haven't seen any notifications on changes to substantial holdings and speculated that the parcel was bought by a broker who split it up between a number of new and existing shareholders - none of which met the criteria for a notification to the market.
Seems to me to be a pretty positive signal that ML can pass the hat around and sell off 5-6% of the company without a problem. They and the buyers must have some confidence that the price is close to the bottom and has upside. Anyone got access to a ML analyst report on Roc?
flushing out the substantial holder, page-16
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $10.01M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $5.967K | 58.34K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17464 | 7.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 138250 | 2 |
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| Last trade - 10.10am 13/09/2024 (20 minute delay) ? |
| ROC (ASX) Chart |