Some of us might be confused by the 2 Notice of Changes in Substantial Holding released by ASX on the same day:
- 05/03/19 16:38 Greencape Capital bought 6,904,900shares
- 05/03/19 17:06 Challenger Limited bought 6,895,432 shares
Reading Annexure 2 of Challenger Limited's Form 604, it appears that Challenger has been buying LYC shares on behalf of Greencape amongst others. Therefore those 2 ASX documents would seems to be related.
The bottom line is between 20/12/2018 and 01/03/2019, Greencape has bought a total of 6.9M shares and it had NOT sold any. Would that be a vote of confidence OR it is a ploy to get ready to short? DYOR
Ann: Change in substantial holding, page-7
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Last
$6.40 |
Change
0.000(0.00%) |
Mkt cap ! $5.982B | |||
| Open | High | Low | Value | Volume |
| $6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12848 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 17965 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |