POS poseidon nickel limited

Confused - 25m shares traded in one hit?, page-9

  1. 5,313 Posts.
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    Given both trades were crossings with CommSec (a traditionally retail broker) this is quite interesting. None of the usual insto broker suspects were involved on the buy or sell side of either trade. Treated separately neither of those trades (in isolation) would trigger an announcement because they are less than the 26.4m (1%) shareholding movement reporting threshold if they were sold/acquired by an existing substantial (5%+) shareholder. Taken together it could be a different story. If the sale/acquisition demotes/promotes the relevant holder(s) below/above 5%, then notices will also issue. Doubtful we'll see any disclosures, imo, given the broker involved on both sides of each trade. Unless Twiggy is slumming it, that bit of fun about him loading up was just that. I guess the Top20 list will reflect the changes in due course.



 
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