Wayne25,
From the past 2 weeks, my call is that RBC is likely going to sell the remaining 7m.
RBC is likely going to be more civilised in their market selling and without Mr "I want to give the company the middle finger" Coupe, I don't see RBC smashing the share price.
Yesterday and Today's trading have seen the share price held at 6c by close and the volume traded were 4.5m (yesterday) and 5.6m (today) on ASX&Chi-X, this is 10m shares turned over. If RBC is selling their last 7m, I use the 5 finger rule ... meaning you need 35m shares turnover for them to get out without destabilising the share price.
If you look at last Tuesday where the share price got smashed from 6.8/6.9c to 6.1c low in 30 minutes after open ... my call is that both Mr Coupe and RBC, and maybe a smaller third party, jumped each other to sell. If there was more volume share price would have been say 6.5c low.
- Forums
- ASX - By Stock
- NUH
- Latest Top 40
Latest Top 40, page-13
-
-
- There are more pages in this discussion • 11 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 NUH (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.75M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
NUH (ASX) Chart |
Day chart unavailable