Cheers Beany,
I thought there must be an amount a substantial holder can change there holding by, before having to notify ASX. Did a Google search and it appears that this limit is 1%.
So that means after you reach 5%, you do not need a further notice until you reach 6%, then 7%, 8% etc ...makes sense really otherwise every single transaction would have to be reported.
"Notification Obligations
Therefore, under sec. 671B, any shareholder who acquires (alone or with associates)a relevant interest in 5% or more of a company’s shares must disclose that fact by
lodging an ASIC Form 603 “Notice of Initial Substantial Shareholder” with the Company and the stock exchange. This lodgement requirement also extends to a shareholder making a takeover bid even if the initial holding is below 5%.
Furthermore, for each 1% (or more) change in holding a Form 604 “Notice of Change of Interests of Substantial Shareholder” must be lodged. And, if the holding falls below 5% a Form 605 “Notice of Ceasing to be a Substantial Shareholder” must be lodged.
These Forms must be lodged within 2 business days after they become aware of the transaction or change in % holding and by 9:30am next stock exchange trading day in a takeover situation." (companysecretary.com.au)
This means that it could still be SVH buying.
Zoid, it might be healthy to see a retrace, but I think it would be healthier to see 17 or 18c :)
Good luck.
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.41M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 2769520 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 259005 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 2769520 | 0.008 |
4 | 1400000 | 0.007 |
2 | 400000 | 0.006 |
3 | 2370000 | 0.005 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 259005 | 2 |
0.010 | 1661453 | 6 |
0.011 | 655299 | 2 |
0.012 | 1156448 | 4 |
0.013 | 1355034 | 4 |
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