WNX 10.7% 3.1¢ wellnex life limited

Ann: Wattle Health Australia Commences Trading on the ASX, page-95

  1. 12,057 Posts.
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    This looks like continuous computerized buying has turned up. That tends to indicate a fund or larger buyer using the system to accumulate stock. Given how tight this is, i would expect the stock to respond extremely well to positive news flow at this small market cap level. If WHA gets a couple of funds wanting 5m shares each and this will be all over and in the hands of larger owners with a limited small float. That can see some decent share price movements. Blackmores was unstoppable with its small float and Bellameys only has about 100m shares on issue as well. I think the structure is good. dyor
 
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