Just re iterating my March comments post the last share sale but have now altered the numbers to reflect the latest family "dump" piss take"
Dreadful optics.
It just shows you what one stupid and audacious act can covey to the market by selling $5.4m worth of shares
1. The MD effectively telling the market that he prefers cash to holding his own stock
2. The MD made about $600k + in salary last year and a total of over $900k when non cash items were included
3.Took about $65m off the market cap of the stock- down 20%
4. Took over $1.37m off the value of his remaining holdings and $4.75m off the value of Daddies remaining holdings
5. Bad look to sell during the currency of a multi million dollar court case
6. Effectively confirmed a "double top" on the chart- bearish
Made the following comment in March -"I wonder if any other directors will also sell some stock to meet "tax obligations" one has done so in previous years and around this time?"
How long will it be before everybody realises that this is just a family cash register!
- Forums
- ASX - By Stock
- NMT
- Ann: Change in substantial holding
Ann: Change in substantial holding, page-7
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NMT (ASX) to my watchlist
|
|||||
Last
8.8¢ |
Change
-0.001(1.12%) |
Mkt cap ! $59.33M |
Open | High | Low | Value | Volume |
9.0¢ | 9.0¢ | 8.5¢ | $20.44K | 231.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1792 | 8.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.7¢ | 31383 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1792 | 0.086 |
1 | 965 | 0.084 |
1 | 20000 | 0.083 |
1 | 7000 | 0.082 |
2 | 11199 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.087 | 31383 | 2 |
0.088 | 87152 | 1 |
0.090 | 30297 | 1 |
0.092 | 50000 | 1 |
0.095 | 205263 | 2 |
Last trade - 10.57am 28/08/2024 (20 minute delay) ? |
Featured News
NMT (ASX) Chart |
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
Previous Video
Next Video
SPONSORED BY The Market Online