These guys wouldn't convert without either;
1. Wanting to take a sizeable position; or
2. Have a willing buyer(s) wanting to take sizeable position; and/or
3. Brokers in place to arrange distribution to fund managers.
I don't think we'll see the shares come onto the market in the near future.
IMO this is a positive price signal, not negative. The mood has changed. There will be pull backs along the way, but gut feeling is the game has changed.
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- Ann: Partial Conversion of Convertible Bonds and Appendix 3B
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Open | High | Low | Value | Volume |
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---|---|---|
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Sellers (Offers)
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1 | 6556 | 6.850 |
1 | 13653 | 6.840 |
4 | 34685 | 6.830 |
6 | 32587 | 6.820 |
Price($) | Vol. | No. |
---|---|---|
6.900 | 18661 | 4 |
6.910 | 10240 | 1 |
6.920 | 10240 | 1 |
6.930 | 10240 | 1 |
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