Prospect Custodians/Investments are in today for another tilt only 5 days after announcing their initial substantial position. They only had to declare as they had increased their position by >1% of issued capital.
They were the beneficiaries of the 1,000,000 crossing that sent the stock flying on the 10/06/09. This crossing was not included in their top 20 numbers and their new substantial announcement released on the 12/06/09 as the transaction had yet to clear T+3.
The other purchase is notated as the 15/06/09 but clearly this is not possible as stock did not trade that low on that day (refer ann and MattR comment). IMO this is a net position acquired over the period 10/06/09 to 16/06/09 (or something like that) - so they have been buying and selling. Tree shaking!
They need not declare again until they buy or sell another net 1% - 1.16 million shares. I wonder who got the most of the shaken tree over the last 3 days - I'd hazard a guess.
We are unlikely to hear who sold 1 million until a further Top 20 is produced as 1 million is less than a declarable movement for a substantial holder – or if not a substantial then we will only see by movement within the top 20 - which only really needs to be produced once a year by the coy.
All really good.
Cheers
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